The Co-op and Britannia provide boost for first time buyers

The Co-operative Bank and Britannia are providing a further helping hand to first time buyers by cutting the rate on their two year fixed 90% mortgage.

The rate will be cut from 6.09% to 5.69% from tomorrow (Friday 19 November) making it one of the most competitive products for first time buyers. The mortgage also comes with the added benefit of no arrangement fees.

James Hillon, Head of Mortgages for The Co-operative Financial Services, said: "We recognise times are still difficult for those looking to get onto the property ladder so the rate reduction on our two year fixed product will provide a welcome boost for first time buyers. Customers, who want to take out one of these mortgages will also have the additional flexibility of a range of direct channels, including internet, telephone and branch as well as the added benefits of our high levels of customer service."

Anyone looking for more information about this mortgage should visit co-operativebank.co.uk/mortgages or britannia.co.uk.