Clydesdale and Yorkshire cuts its first time buyer mortgage rates.
Clydesdale and Yorkshire Banks has announced first time buyer mortgage rates have been reduced at 95% loan to value.
If you have a small 5% deposit then the lender is offering a rate of 5.49%, which has been cut by 1%. It is a deal aimed at the first time buyer market, and in addition to reducing its mortgage rates the lender is also offering a free valuation and is not charging any arrangement fee.
If you are interested in a competitive first time buyer mortgage you should call Deal Direct for a 'whole of market' mortgage review. There are several lenders offering incentives to would-be buyers looking for a first home.
One such lender is the Halifax which offers first time buyers a great mortgage incentive, until July 07 the Halifax advise they will pay the 1% stamp duty making it cheaper for a first timer to buy a home.
In addition to cutting its first time buyer mortgage rates the Clydesdale and Yorkshire has also announced reductions on 90% loan to value deals.
A 3 year fixed rate mortgage is now on offer at 4.49% which is a reduction of 0.7%. As with its first time buyer mortgage this deal also comes fee free, but it is available for both new purchase and remortgage.
For mortgage advice and the cheapest first time buyer deal
call Deal Direct on 0800 048 8828.
