Clydesdale and Yorkshire Banks have announced new lower rates for their range of mortgages for first time buyers.
The bank is one of only a handful of lenders still offering a 95 per cent LTV mortgage to those looking to buy their first home. First time buyers can now choose from rates ranging from 5.49 per cent to 6.19 per cent including a fee free rate of 5.69 per cent fixed for 3 years.
Steve Reid, retail director for Clydesdale Bank, said: “We know that buying your first home can be difficult and we are one of only a few lenders who remain committed to offering 95 per cent LTV mortgages. “We are focused on ensuring our rates remain competitive and are pleased to be able to introduce new lower rates on our range of mortgages for first time buyers.
“In addition to offering a competitive range of mortgages and appropriate insurance, first time buyers are also given support throughout the whole process and can save a deposit with our Regular Home Saver Account.”
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