The best mortgage deals for first time buyers through the Co-operative.

Now that the stamp duty holiday has ended where are the best mortgage deals to be found for struggling first time buyers?

The Government gave first time buyers an exemption from paying the one per cent stamp duty tax on properties up to £250,000 until the end of March this year.  No other tax relief scheme has been unveiled in the recent budget to continue to help first time buyers. However some lenders have announced incentives to help first time buyers such as fee free mortgages and part payment of stamp duty.

The Co-operative bank is one of the mortgage providers offering some of the best mortgage deals to first timers, their lifetime tracker and 3 year fixed rate deals are considered by the lender to be particularly attractive.

The Co-op lifetime tracker has an interest rate of 4.59 per cent which is base rate plus 4.09 per cent and is offered to those with a 10 per cent deposit. A three year fixed-rate deal is offered at a rate of 4.69 per cent which is also available to those with a 10 per cent deposit. Both of these mortgages have no arrangement fee and come with a free standard property valuation.

The Halifax also offer first time buyer incentives, the lender is offering to pay half of the stamp duty for those who take out their two year fixed-rate mortgage at 5.99 per cent for 85 per cent LTV, the deal also has no arrangement fee.

When considering the best mortgage deals it is advisable to seek professional guidance from expert mortgage broker Deal Direct. We can research the mortgage market on your behalf taking into account both mortgage fees and rates when finding you a competitive deal.