Portman launches new fixed-rates for first time buyers

15-Feb-2007

Portman Building Society has launched a new range of 100 per cent mortgages for first time buyers.

Offered with a free valuation and no arrangement fee, Portman's new mortgages are available in two, three and five-year fixed-rate formats, which may be of interest to first time buyers who are struggling to build a deposit.

To find out more about these mortgages and other mortgages for first time buyers, click here.

"Many first time buyers are feeling a rising sense of urgency as they watch property prices going up much faster than their earnings," said Matthew Wyles, development director for Portman Building Society.

"Our 100 per cent mortgage product is designed to accelerate a first time buyer's entry into the market," he added.

The two-year mortgage option is available at an interest rate of 6.19 per cent, while the three and five-year options are available with interest rates of 6.13 per cent and 5.99 per cent respectively.

Portman Building Society offers a number of mortgage products, including tracker and buy-to-let mortgages.

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