New first-time buyer mortgage hits market
First-time buyers are an "essential" part of a healthy housing market, according to Stephen Noakes, commercial director of mortgages at Lloyds Banking Group.
Each time someone buys a property for the first time, including those who do so using mortgages for professionals, they apparently help an average of four other household moves.
It would appear they are an important part of the property chain, which is one reason why Lloyds TSB - a group that merged with Halifax Bank of Scotland last year - has launched a new mortgage product for first timers.
"As the UK's largest mortgage lender we're committed to help first-time buyers onto the housing ladder and this includes finding innovative ways to lower the first rung so that it is within reach for more people," said Mr Noakes.
The deal involves financial input from the first-time buyers themselves, as well as their parents, friends or grandparents.
To book your free initial consultation with mortgages for professionals click here.
Each time someone buys a property for the first time, including those who do so using mortgages for professionals, they apparently help an average of four other household moves.
It would appear they are an important part of the property chain, which is one reason why Lloyds TSB - a group that merged with Halifax Bank of Scotland last year - has launched a new mortgage product for first timers.
"As the UK's largest mortgage lender we're committed to help first-time buyers onto the housing ladder and this includes finding innovative ways to lower the first rung so that it is within reach for more people," said Mr Noakes.
The deal involves financial input from the first-time buyers themselves, as well as their parents, friends or grandparents.
To book your free initial consultation with mortgages for professionals click here.
