What Mortgage - Barclays to pay stamp duty for first-time buyers
Barclays is aiming to give first-time buyers a boost with the launch of a new mortgage which covers the cost of stamp duty.
Aaron Strutt, product director at Trinity Financial, told What Mortgage: “There are around 12 lenders offering sub-2% five-year fixes, although you will need a larger deposit to access them. Five-year deals are very popular at the moment because the rates are so cheap and borrowers like the thought of longer term payment security.
“Another bank offered a similar cashback scheme last year and it was incredibly popular. This sort of product allows younger borrowers to be less reliant on the Bank of Mum and Dad.”
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