You are here: Home - Mortgages - First Time Buyer - News -

Lenders improve mortgage terms

0
Written by: Christina Hoghton
07/09/2017
Nationwide Building Society has chopped the rate on its two-year fix, which comes with no product or valuation fees.
The mutual has snipped the rate to 1.64% on the deal, fixed for two years.

It is available up to 75% LTV and comes with £500 cashback for first-time buyers and remortgagors, as well as a free valuation and no product fee for all borrowers.

Financial information provider Moneyfacts said the deal from Nationwide ‘is likely to turn the heads of borrowers searching for a competitive rate from a familiar brand. Those looking to save on upfront costs will be impressed with the deal’s incentive package and lack of product fee’.

At the same time, Teachers Building Society has extended its maximum mortgage term from 35 years to 40 years. The 40 year term is available on the group’s full range of mortgages subject to lending criteria – the maximum age of lending at Teachers remains 83.

Mortgages from Teachers Building Society are available to teachers and education professionals in England and Wales including NQTS, teachers on supply and contract teachers.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
young adult
Five reasons why young people should save for a pension

Pensions are simply not on the radar of many young people: They are too complex, and retirement seems a long...

Close