The return of the 90% Mortgage is a welcome sight for first time buyers. Northern Rock have announced that they are going to launch a 90% LTV mortgage range. This means that first time buyers will only need to raise 10% of the value of the Property. This move is welcomed not just by first time buyers but also those people selling properties as it will do much to free up the market.
As part of a support package for first-time buyers, Northern Rock is introducing a two-year fixed rate deal at 5.99%, a three-year fixed rate product at 6.49% and a five-year fixed rate at 6.59%, all of which have no payable product fees.
