Another cheap 90% LTV fixed mortgage arrives

8 February 2013
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Another lender has come to the rescue of would-be first timers trying to get on the property market.

Homebuyers with a deposit of just 10% can now snap up a 3.99% two-year fixed mortgage from Marsden Building Society.

Though still slightly trailing the 3.79% deal offered by Yorkshire Building Society and 3.69% from Chelsea Building Society, Marsden is helping to give first timers more choice. 

Michael Ossei, personal finance expert at uSwitch.com, says: "This will be music to the ears of tens of thousands of would-be first time buyers who only have a 10% deposit to stump up.

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"With free valuation costs included, this mortgage could be the little injection needed to get more first-time buyers into their own home and put their renting days behind them.

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