Here is a selection of some of the best first-time buyer mortgage products at present.
Yorkshire Building Society:
This deal offers first-time buyers a fixed rate of 5.39% to 30.9.13. The maximum loan-to-value is 90% and the maximum advance is £500,000.
No arrangement fee is payable and there are additional incentives of a free valuation, free legal fees and a £500 rebate upon completion. Borrowers also have the option to make overpayments of up to 10% of the outstanding balance.
Skipton Building Society:
This product offers 5.99% fixed to 31.7.13. The maximum loan-to-value is 95% and the maximum advance for first-time buyers is £250,000.
Second-time buyers and remortgage customers can borrow up to £1 million. A low fee of £195 is payable and the deal has flexible features such as overpayments and payment holidays.
Mansfield Building Society:
This discounted variable product offers a rate of 4.69% for three years with a maximum loan-to-value is 90%.
A fee of £599 is payable. The deal offers to refund the valuation fees, up to a maximum of £400 and borrowers can make overpayments of up to 10% of the mortgage advance.