Five-Year Fixed Mortgage Rates – Good News For First Time Buyers

The five-year mortgage has been a competitive focus for lenders in recent years, as customers look to lock in fixed term mortgage in these financially uncertain times.

However, as reported in the Financial Times, the market has seen an even greater amount of competition in recent times. Indeed, a number of lenders have played a part in the competitive price wars, which has resulted in jaw-dropping deals in a bid to attract new customers. 

Graham Seller, Head of Mortgage Business Development at Santander, said “Today’s competitive mortgage market means people looking for a new deal can pick from some of the lowest rates on the market.”

This is fantastic news for first time buyers who are looking to make their first step on the housing ladder. 

If you’re planning to buy a Shared Ownership home, we recommend doing your research to find the best rates available to you. There are some great fixed offers to be had, so shop around the find the most competitive deal. 

Also, if you don’t know where to find a trusted, independent mortgage advisor, we have a list of providers that we recommend and have experience of Shared Ownership. Just get in touch with our sales team on 0300 555 2171, or send them an email to find out more.

Are you looking for a stylish and modern home in London or the South East?

Southern Home Ownership is dedicated to providing stylish, high quality and contemporary new homes for sale on a Shared Ownership basis.

If you're a first-time buyer and interested in owning a Shared Ownership property in London or the South East, then click on this link to take a look at our latest developments.