Cheaper fixed-rate mortgages for first-time buyers by Finance News Bulletin

Published: 02/05/07

Woolwich have cut down their mortgage range, making fixed-rate mortgages cheaper and potentially providing reasonably priced options for first-time buyers Woolwich are now planning to offer unparalleled buyer mortgages up to 95 per cent of property value, for its 2, 3 and 5 year fixed-rate mortgages First-time buyers stretched beyond faith on home affordability should greet the news affectionately Woolwich have also slashed rates on their 2 and 5 day fixed-rate mortgage loans, from 5

99 per cent to 579 per cent, both of which draw an application fee approaching 600 pounds The rates on 95 per cent loan to value mortgages also cut down, from 619 per cent to 5

99 per centAndy Gray, the head of mortgages at Woolwich, reportedly commented: "There is more often than not an up lift in mover activity at this time of the day, and we are targeting those having smaller deposits, most often unparalleled buyers At the 95% loan to value height we have effectively reduced the rate from 599 per cent to 5

79 per cent for both the 2 and 5 year so for the average loan that’s a decrease in interest payable of £1,200 over 5 years This is good information for first-time buyers in an uncertain market"Today's Most Popular Results Mortgage Enquiry shape Need Life Insurance ------ Mortgages - Information Mortgages - Home ------ monetary Services - HomeNone of the information on this website is future to endorse any specific mortgage product or provide mortgage advice

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