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Mortgage lender launches first time buyer services
Wed, 19 Oct 2005
First time buyers are becoming the priority mortgage customers with the launch of a new range of mortgage services at the Co operative Bank .

The mortgage lender announced the launch of three new mortgage products designed specifically with the first time buyer in mind, as well as a new telephone service dedicated to first time buyers .

These new services will increase the options of first time buyers, "providing them with a convenient and easily accessible way" of conducting their mortgage business, says the bank's David Newman, director of marketing management.

There is no higher lending charge associated with any of the three new mortgages, maximising benefits for first time buyers .

The mortgages include a parental guarantor mortgage, a graduate mortgage and a full mortgage that requires no deposit.

"This is just the first step of our innovative first time buyer mortgage service," Mr Newman says.

The mortgage lender will also be launching a special First Time Buyers Guide on its website. This guide will provide first time buyers with tips on choosing the best type of mortgage, dealing with estate agents and solicitors and a glossary of mortgage terms and conditions .

"Buying a home for the first time is a frightening prospect for a lot of people and, as such, we appreciate the need to offer ongoing help and guidance throughout the process," Mr Newman concluded.

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