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Finance News

8/10/2008 - Several banks have cut mortgage rates with more expected, following the shock 0.5% cut in the Bank of England’s cost of borrowing. Read story

29/9/2008 - Lloyds TSB has announced that it’s 2-year and 3-year fixed rate mortgages rates are to be increased. Read story

26/9/2008 - More lenders have increased the cost of their fixed rate deals, some by as much as 0.5%, adding £450 to a typical mortgage. Read story

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First Time Buyer Mortgage

First Time Buyer Mortgage

If you are looking for your first mortgage then you might be able to find some great deals by looking at First Time Buyer Mortgage offers.

Lenders will offer first time buyers mortgage products that are not available to the rest of the market in the hope of building up some customer loyalty. Also, first time buyers have not got a history of moving products after only a few years, which customers who are remortgaging probably have.

First time buyer mortgages can be different types (fixed, discount...) and sometimes will offer cashbacks as a further incentive, upon completion of the mortgage.