Seek first mortgage advice to secure attractive new deals

25-May-2010

Published by Sam Franklin

Young people looking to get on the first rung of the property ladder may wish to take first mortgage advice if they are to secure one of a range of new deals being offered.

The Co-operative Bank and Brittania are once more leading the way by making a pair of attractive mortgages available.

A five-year mortgage with a fixed-rate of 3.99 per cent and a two-year deal with a rate of 2.95 per cent could both appeal to potential first-time buyers.

In order to apply, people must have a 25 per cent deposit for the property they wish to purchase and be prepared to pay an application fee of £999.

"The new products form part of our wider mortgage range, which includes both fixed and variable products and offers something for everyone from first-time buyers to those looking to move," explains John Hughes, business leader for retail products at the Co-operative.

First-time buyers interested in the deals should follow the national trend revealed by unbiased.co.uk recently, which showed those making their first purchase are most likely to ask for mortgage advice.

How to buy a house from finding your first property, first time buyer mortgages, mortgage advice, shared equity, shared ownership, joint ownership, part buy part rent and HomeBuy. All a first time buyer could need as well as first time buyer news at FirstRungNow.com.

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