Today Wednesday 4th May both Nationwide and Skipton Buildings Societies have announced new mortgage ranges for first time buyers. With a minimal deposit of 5% of the purchase price this shows a great sign that the mortgage market it starting to pick up and lenders appetite to lend to first time buyers at high loan to value rates has returned.
Nationwide require first-time-buyers to have setup a savings account with them saving at least £50 per month. The account must have been running between 6months and 3 years in order to qualify for Nationwide's 95% product range.
Skipton requires no such savings account and it's new 5.99% 2 year fixed rate having an arrangement fee of £195 is available from today.
Need first time buyer mortgage then look no further than our independent mortgage advice service.
Wentworth Financial Services Home Page
Follow us on Facebook
