95% LTVs Return
First time buyers struggling to get onto the property ladder have got a lot to look forward to, following the launch of Skipton Building Society’s new 5% deposit range…
Created in a bid to entice first time buyers back onto the property market; Skipton’s feel this new mortgage deal will help thousands of would-be property owners to invest in property, who unfortunately haven’t had the support or the finance of the bank of mum and dad to guide them.
And so far these deals look promising…
Offering first time buyers the chance to finally invest, this offering comes with an arrangement fee of £995 where existing Skipton savers will be able to benefit from a 6.99% 2 year fixed rate deal, whilst new customers will be able to receive the same version of the deal at 7.19% – 0.2% more…
Yet, Skipton’s are not the only lender to supply competitive deals.
Yorkshire Bank too have also joined the ranks, bringing with them a 95% LTV that has a £599 arrangement fee based on a 3 year fixed rate of 6.99%!
And when you compare these to their competitors, it is undeniable that they are leaps and bounds ahead:
- Share to Buy – initial rate of 4.99%, arrangement fees of £0, 90% LTV
- Post Office – initial rate of 4.29% until July 2012, arrangement fees of £999, 85% LTV
- Britannia – initial rate of 4.49% until August 2012, arrangement fees of £999, 85% LTV
- Chelsea Building Society – initial rate of 4.89% until May 2012, arrangement fees of £0, 85% LTV
- Lloyd’s TSB – initial rate of 4.99% until May 2013, arrangement fees of £995, 95% LTV
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Tags: first time buyers, invest in property, property ladder, property market, property owners
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