Mortgage Industry News

← Back

UK mortgage addresses needs of first-time buyers

Date: Wed, 19 Oct 2005

A new mortgage service has been launched by the Co-operative Bank to help first-time buyers.

The Co-operative's campaign aims to offer those stepping on to the property ladder a range of specially targeted products and services as well as a "mortgage minder" telephone service to provide information on how an application is progressing.

The bank is also hoping that first-time buyers will be attracted by products such as a parental guarantor mortgage, a no deposit or 100 per cent mortgage, and a graduate mortgage.

"This is just the first step of our innovative first-time buyer mortgage service. Buying a home for the first time is a frightening prospect for a lot of people and, as such, we appreciate the need to offer ongoing help and guidance throughout the process," said David Newman, director of marketing management at the Co-operative Bank.

He added: "Both our new product range and the telephone service are an example of us looking after our customers and providing them with a convenient and easily accessible way of doing business with us."


© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.