First-time buyers boosted by Yorkshire

Clydesdale and Yorkshire Banks unveil lower rates for first time buyers

Clydesdale and Yorkshire banks have launched a new set of mortgage products for first-time buyers with as little as five per cent deposit.
HSBC launch new mortgages for first-time buyers

HSBC is announcing new mortgage deals for first-time buyers and those with a ten per cent deposit in addition to competitive deals for homeowners with more equity.

Thursday, 02 September 2010 12:00

Yorkshire Building Society is aiming to boost first-time buyers by reducing interests rate on mortgages for this demographic.

Those with a ten per cent deposit can get a home loan at 5.59 per cent and senior product manager Chris Smith explained the firm is "very aware" of the problems people are facing in getting onto the property ladder.

"A mortgage is more than just an interest rate and our customers are looking for affordability and good value," he said.

Features such as a free valuation and free legal service are also included in order to assist with the up-front costs associated with a first purchase.