Chelsea launches mortgage for first time buyers


First time buyers (FTBs) in the UK are being promised a helping hand onto the property ladder in the form of a new mortgage from Chelsea Building Society.
The provider has announced the launch of the new product in response to the needs of FTBs looking to gain access to the housing market.
Offset at no extra cost, the mortgage will be offered through the new home loan range, which is designed to help buyers make their savings work more effectively.
In addition, customers will also benefit by receiving one per cent of the value of the deal as cash back.
The building society pointed out this could prove very useful for those concerned about the expenditure involved when purchasing a new property, including the cost of stamp duty.
Sunjeev Sahota, product manager at Chelsea, explained research carried out by the group revealed FTBs value offset highly, with the majority of those looking to buy their first home hoping to continue saving once they obtain the keys to the house.
The industry figure added: “This is something we want to encourage and is why the offset functionality in our first time buyer range comes with no additional cost – something which is unique.”

Get the Best Rates from Local Mortgage Advisers Now!

Finding the best mortgage advisers in your area is easy. Whether you're looking for buy to let, a residential mortgage, or a commercial loan, just enter your location into the form and answer a few questions. Then sit back and let the backend system do all the legwork to put you in touch with independent mortgage advisers near you!

Find the Best Rates from Local Mortgage Advisers!
Finding the best mortgage advisers in your area is easy. Whether you're looking for buy to let, a residential mortgage, or a commercial loan, just enter your location into the form and answer a few questions. Then sit back and let the backend system do all the legwork to put you in touch with independent mortgage advisers near you!

Powered by Bark

Close
100% secure