28
Apr
FTBs and home movers 'may welcome new mortgages'
The firms behind a range of new mortgages have said consumers
seeking to purchase their first property and those keen to change
their residence may welcome the products.
Britannia and the Co-operative Bank have launched loans available
up to 90 per cent loan-to-value for first-time buyers (FTBs) and
home movers.
Coming into effect on Friday April 30th, the deals will accompany a
new online advice guide designed to provide consumers with
additional information to help them make a wise choice.
Rod Bulmer, managing director of retail for the Co-operative
Financial Services, remarked: "We are keen to do as much as
possible to help support mortgage customers as we're aware that
buying a house can be confusing at the best of times."
Recently, the Bank of England revealed that the flow of net
mortgage lending remained broadly stable last month, while gross
mortgage lending rose over the 31-day-period.
