28 Apr

FTBs and home movers 'may welcome new mortgages'

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.

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