FTAdviser.com

First-time buyers - a returning breed?

Story by: Emma Ann Hughes
Magazine: MortgageAdviser
Published Wednesday , September 03, 2008

A holiday from stamp duty was a step in the right direction but could mortgages like those offered by Skipton Building Society’s Mutually Exclusive range be the shot in the arm this end of the market really needs?

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For those who were just eating a sandwich and missed Mortgage Adviser’s breaking news story, Skipton Building Society has just announced its return to the first-time buyer market with the increase of the maximum loan-to-value it offers to 95 per cent.

Sadly for intermediaries the nation’s sixth largest building society will only offer higher LTVs under a new scheme called Mutually Exclusive through its branches.

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