9
Sep
First-time buyers given new deal to purchase properties
First-time buyers have been given support to get on the property
ladder and purchase their first house for sale in the UK.
HSBC has launched new offers on 90 per cent loan-to-value mortgages
to enable homebuyers who do not have a big deposit to buy a
property.
Available from Monday (September 13th 2010), the tracker loan comes
at a rate of 3.69 per cent above the Bank of England's base
rate.
There is also an offer on a two-year fixed-rate deal at a rate of
5.09 per cent.
Head of mortgages at the financial services company Martijn van der
Heijden said: "HSBC is keen to be there for new and existing
customers, whether it's for people looking to take their first step
on the housing ladder or for people looking to improve on their
current deal."
He added that the deals can "reduce the cost of borrowing".
Lots of people could be looking to take out one of the offers as
mortgage adviser John Charcol recently revealed that there was a
rise in the number of first-time buyers applying for loans in July
2010. 