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First-time house buyers being offered lower rates

AN OPEN day is being held on Saturday for prospective home-buyers planning to purchase properties in Harborough.

Market Harborough Building Society announced this week that it is offering mortgages for borrowers buying homes in Leicestershire, Rutland or Northants with five or ten per cent deposits.

With loans of up to 90 and 95 per cent of the value of the property being available it means a £6,500 deposit would be sufficient for a house priced at £130,000, subject to other normal mortgage criteria being met.

“We know many people have been finding it hard to even consider buying a house because of the amount of deposit needed to get a mortgage,” the society’s mortgage team manager Jake Hider said.

A recent survey revealed the national average age of first-time buyers has gone up to 35, compared to 24 in the 1960s and 28 just ten years ago. The

The open day is being held by Mr Hider’s team on Saturday at the society’s main branch office on The Square in Market Harborough, where you

The society recently won the Mortgage Finance Gazette’s award for Best Local Building Society for the third year in a row.

 

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