Clydesdale and Yorkshire Banks are today (May 13th) set to make things even easier for first time home purchasers, with the introduction of a number of brand new fixed rate mortgage products.
The two financial service providers are part of an increasingly select group offering 95 per cent of their mortgages to first-time buyers.
Those hoping to take their first step on the property ladder are able to take advantage of a number of benefits on behalf of Clydesdale and Yorkshire Banks, including a three year fixed rate of 5.49 per cent at 95 per cent LTV.
Andrew Pearce, Retail Director for Clydesdale and Yorkshire Banks, cited the highly competitive LTV rates as one of the more useful features for first time buyers.
“We remain committed to supporting first time buyers and as well as continuing to be one of the few banks to offer 95 per cent LTV mortgages we have also lowered our mortgage rates to support our customers in owning their first home," he said.
A free valuation and no arrangement fee is also among the offers available to new prospective property ladder climbers who take the chance to invest in a Clydesdale and Yorkshire banks mortgage.
Mr Pearce added that the new-found popularity of the fixed rate products is largely down to an increasing culture in the British public of wanting to know exactly what their mortgage payments will be on a monthly basis.
While the Banks are aiming to make things easier for first time buyers, they are not neglecting others who have been in the housing market for longer.
Customers in the normal category looking for remortgages or purchases can take advantage of a 4.49 per cent rate with 90 per cent LTV, with no arrangement fee.
Consumers interested in such an offer are urged to contact Clydesdale and Yorkshire Banks for more information or to check out their websites.
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