Helping on to the property ladder

Mortgage News

Below you will find news relating to mortgages. Get up to date information about the current mortgage market.

Helping on to the property ladder

Found in: Mortgages February 13th, 2007

Britannia Building Society is increasing its maximum mortgage term to 40 years continuing its commitment to fiirst time buyers.

During the past year, the Society has placed greater focus on first time buyers with products such as its First Time Buyer mortgage and the Share to Buy scheme.

Tim Franklin, Managing Director of Britannia’s Member Business, said: “As a responsible lender we have looked at ways for first time buyers to overcome initial affordability requirements and decided to review our existing 30 year mortgage. There will be the opportunity to reduce the mortgage term once they have found their feet on the property ladder.”

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