New deals appear to be opening up for those seeking a first time buyer mortgage. Halifax is one lender that is encouraging first time buyer mortgages and as home prices fall, this is setting up some great opportunities for those that need to get a first time buyer mortgage to get their home. How much this will affect the first time buyer mortgage market remains to be seen over the long term, but many hope this is a sign that the housing market may be changing again.
“This is a great deal for first time buyers,” Mike Bottomley, national new build manager for Halifax, stated. “By opening a new Halifax account and saving regularly, potential home owners are planning for the financial commitment of buying their first home. Doubling their deposit in this way should be a major incentive for first time buyers.”
Andy Fell, Director of Branch Mortgages at the Bank, said “In these uncertain times, we are committed to helping borrowers who are looking for either their first mortgage or a new competitive deal. We are giving practical support by providing lower rates on all our fixed and tracker mortgages and at the same time.
Tags: adverse, credit, loan, mortgage, self, cert, council, car, home, improvement, holiday, remortgage, tracker, fixed, rate, mortgages cert, credit, remortgage, rate, mortgages, improvement, fixed, self, adverse, car
Related reading: First Time Buyer Mortgage
Comment on this article