Amazing rates for first time buyers!

10 Feb 2017

Is anyone a first time buyer looking to get on the property ladder? There has not been a better time to buy with borrowing at a low and with many lenders now offering great deals at 95% borrowing at 3.59%.

For example – If you were purchasing a flat for £100,000 this means you could borrow £95,000 and you would only need to raise £5000 for the deposit.

Other great deals on offer:

  • 10% deposit for a 2 year fixed rate at 2.13% or
  • 10% deposit at 2.24% with £500 cashback to help towards legal fees.

Remember the lower your interest rate the lower your monthly repayments will be.

Mortgage Rates for First Time Buyers

You may be surprised to hear that your monthly mortgage rate would be significantly lower than your monthly rental (on like for like property) so it really is a great time to buy.

Buying your first home is a big decision so make sure you research the market for the best mortgage on offer as this will ensure your lowest monthly payment. I would always advise to speak to an Independent Mortgage Advisor who can search the whole market and give you different options. One and two bedrooms flats close to Glasgow and Edinburgh city centre are very popular so be ready to offer when you find the right property.

If you would like further information on this please contact me in the office and I will happily put you in the right direction – laura.beard@fineholm.co.uk



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