The product is available at 4.47% up to 95% LTV and comes with no arrangement fee and £500 cashback on completion.
Anita Arch, Head of Mortgage Sales,said: “CML data confirms that 46% of all new mortgages for house purchase are currently being taken by first-time buyers. Surprisingly, however, in the popular 2-year fixed rate category, less than a third of mortgages are available via brokers.
This deal offers brokers an attractive package for their first-time buyer clients: a competitive 2-year fix up to 95% LTV, no arrangement fee, no overhanging redemption penalties and a £500 cashback on completion.
There is only a limited tranche of funding for this product, which will be allocated on a first come, first served basis.”
