Another cheap 90% LTV fixed mortgage arrives

Published by Laura Whitcombe on 08 February 2013.
Last updated on 15 February 2013

House and mortgage contract

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.

Find the best mortgage for you

"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.

Leave a comment