If you are wanting to get your foot on the property ladder and buy your own home, now might be the perfect time to take the plunge.
The number of mortgage deals for first time buyers has reached its highest level since May 2019, giving you the widest choice of deals with products to suit all budgets.
According to Moneyfacts, the financial analyst, there are currently more than 450 different first time buyer mortgage deals on the market.
And the good news is that many lenders are offering reduced interest deals to help get you moving.
Moneyfacts says borrowers with a 5% deposit can get a two-year fixed mortgage at 3.22% interest. That’s significantly lower than the 3.41% average just one year ago.
There are also much lower interest rate deals on longer term fixed mortgages, such as five-year fixed rates, giving you peace of mind and helping you budget long term.
If you’re considering buying your first new home in Blackburn, we have a great selection of properties to suit first time buyers at our award-winning Green Hills Blackburn development.
Our 2-bedroom, 2-bathroom Maltings apartment is available at just £149,950 and includes a garage and parking space.
Those wanting a little more space could choose a 3-bedroom detached Thresher B with parking spaces currently available for £229,950.
And with Help to Buy available on all our properties, owning your first home might be a lot more affordable than you think.
Call in and speak to our friendly sales advisers at Green Hills between 10am and 5pm to see how we can help get you moving.
See all our available new homes in Blackburn here.