Bristol & West launch first time buyer professional mortgage range

Bristol & West Mortgages is delighted to announce the launch of a new professional mortgage range, available to first time buyers who are qualified and practising in a specified profession.

The market leading range is available to 15 recognised professions, offering loans to 100% LTV with enhanced income multiples of 5 x single plus 1, or 4.5 x joint. Only one applicant is required to hold the professional qualification.

The range has been launched with highly competitive rates, featuring 2, 3 and 5 year fixes and 2 and 3 year variable rates. All rates feature a £399 admin fee that can be added to the loan.

Alison Pallett, Head of Consumer Lending comments: “We understand that our direct customers want simplicity in obtaining their mortgage. We pride ourselves in developing innovative products that help our customers access the best mortgage for their needs. We also deliver a top quality service to help make the process as smooth as possible.

According to the Council of Mortgage Lenders, in 2006 First Time Buyers accounted for 35% of all new loans. Bristol & West Mortgages already has a great track record in helping first time buyers onto the property ladder, with innovative products such as

First Start.

Once again, we have responded to the needs of our customers. With clear criteria and a choice of five highly competitive rates, our new professional mortgages are a very attractive customer proposition.”

Key benefits of the Bristol & West Mortgages professional range include:

Up to 5 x sole income plus 1, or 4.5 x joint income
Up to 100% Loan to Value (fees can be added above this)
£400,000 maximum loan
Comprehensive list of acceptable professions

Customers can obtain rates and further details about Bristol & West Mortgages new professional mortgage range by calling us direct on 0845 300 8000.