The Sunday Times - Innovative offers to tempt first-time buyers
There was good news for first-time buyers last week as lenders rolled out loans for people who can only offer a small deposit, writes Alexandra Goss.
Those who plan to let a room in their first home could opt for the Income Plus mortgage from Bath building society, which is the first loan to take rental income into account, according to Aaron Strutt at Trinity Financial. Rates start at 5.29% for a lifetime standard variable rate mortgage.
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