View more on these topics

Woolwich and Barclays – Three Year Fixed Rate First Time Buyer Mortgage

Type:
Fixed-rate mortgage

Fixed term:
Three years

Fixed rate:
5.69%

Minimum loan:
£5,000

Maximum loan:
Up to 95% of valuation subject to a maximum of £250,000, up to 90% of valuation subject to a maximum of £500,000, up to 80% of valuation subject to a maximum of £1m

Income multiples:
Up to 3.25 times principal income plus second or 2.5 times join

Conditions:
First-time buyers only, £250 cashback, mortgage reserve facility available up to 90% of valuation

Flexible features:
Overpayments of up to 10% a year, underpayments, payment holidays, interest calculated daily, lump sum withdrawals

Arrangement fee:
£100

Redemption fee:
Six months’ interest plus £250 in first three years

Introducer’ fee:
Subject to negotiation

Tel: 0845 6051111

Recommended

Conversion charge fear on property vehicles

The Consumers&#39 Association is considering tailoring its new code of ethics to fit IFAs. Last week, the CA started consulting with the industry on its code which it hopes will improve corporate governance and business ethics by moving the industry away from commission towards more performance-related bonuses. The code is aimed at product providers but […]

Half of Sofa members can&#39t vote on deal

St James&#39s Place played host to three members of the royal family in a polo match between Highgrove and Beaufort last week. The Highgrove team included HRH Prince of Wales along with his two sons, Princes William and Harry. The event, sponsored by St James&#39s, raised £35,000 for George Thomas Hospice Care and Ty Hafan […]

B&B may take on Charcol liabilities to speed up sale

Bradford & Bingley may offer to take on the liabilities of IFA subsidiary Charcol as an incentive to pot- ential buyers. The bank plans to sell off its IFA empire in a bid to slash £40m from its annual costs. Negotiations are expected to begin in earnest in the coming weeks after last Friday&#39s deadline […]

AMI picks Gummer as chairman

Star income fund manager Graham Kitchen is to leave Invesco Perpetual in September to pursue other interests, prompting many IFAs to put his portfolios, which comprise nearly £1bn of assets, on hold. Kitchen, who is not joining a rival group, is handing management of his £715m income & growth fund to Andy Jones, his deputy […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. I would like to take a First-time buyer mortgage – secured loan. I am not an English, but I am living in UK since 5 years. I want to know what are the basic condition to be eligible for that loan?

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com