What are the best deals?
Nationwide has pledged to help first-time buyers and has offered a two-year fixed rate deal at 3.99% with an arrangement fee of £999. If you want to opt for a three year fixed mortgage then the company will offer you an interest rate of 4.59% and it will give you 4.79% over five years.
The Building Society also offers a Save to Buy scheme, which gives you a 0.2% discount on the overall rate and even gives you £1000 cashback when you complete on your property. To qualify you must hold a Save to Buy savings account, or alternatively an ISA, for at least six months.
That said, this may not be the best mortgage for you. Everybody’s individual circumstances are different and it pays to shop around, so check out the best deals on our site right now.
Statistics regarding the average price of a house in the United Kingdom are based on the Land Registry report released February 2016. Prices related to first time buyer agreements were sourced in April 2016 and may not be available today.