First time home buyer mortgage deals allow you to get your foot on the first rung of the ladder. These mortagages are only available to first time home buyers.
| Company |
Rate
 |
Period
|
Max LTV |
Fee
|
Redemption | |
|---|---|---|---|---|---|---|
| HSBC | 5.43% | for 2 years | 90% | £999 | 1st 2 yrs |  |
| Darlington BS | 5.99% | to 30.6.10 | 90% | £674 | To 30.6.10 | |
| The Co-operative Bank | 5.64% | for 3 years | 90% | £599 | 1st 3 yrs | |
| Kent Reliance BS | 6.49% | for 3 years | 95% | £395 | 1st 3 yrs | |
| Halifax | 6.25% | for term | 90% | £999 | None | |
| Loughborough BS | 6.30% | for term | 90% | £1,099 | None | |
Product Guide
First Time Buyer Discounted Rate Mortgages
These are specific deals for first time buyers. A discounted mortgage offers you reduced repayments for a given term. The lender gives a discount from their standard variable rate. If the variable rate on which your discount rate is based falls, your repayments will fall. However, if the lender's standard variable rate rises, so will your repayments.
Related Links
Still confused by mortgages? Our mortgage guide can help by taking you through different types of mortgage and their features and benefits.
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