Repayment mortgage deals can offer security for first time buyers.
A repayment mortgage can offer you the security that the cost of your monthly mortgage outgoings will stay the same.
As a first time buyer knowing that your mortgage will cost you an identical amount monthly for its term, can help you to budget for it accordingly.
With recent figures suggesting that first time buyers have increased of late, if you are looking for your first time mortgage it is important to get a deal that suits your financial needs.
If you are a first time buyer looking for a repayment mortgage then contact us at Deal Direct. Our experts carry out searches for the most competitive mortgage product within the whole of the mortgage market.
At Deal Direct our experts aim to find you the most outstanding deal available for your circumstances.
Despite the end of the stamp duty holiday for first time buyers, there has been a slight increase in property purchases in May 2012, according to recent figures released. There are several mortgage deals available for first time buyers.
First Direct offer some competitive rates for first time buyers with LTV of 90%. The two year fixed deal has an interest rate of 4.19% for the term of the mortgage. It comes with a £999 fee.
If the fees are of concern to you, the Yorkshire Bank have a three year fixed rate deal at 4.99%, again for LTV of 90%. The arrangement fee on this deal has been waived and the bank also pay for one property valuation when using their valuation team.
For similar repayment mortgage offers contact us here at Deal Direct.
