Bradford & Bingley Proffessional First-Time Buyer Mortgage launched

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Bradford & Bingley Proffessional First-Time Buyer Mortgage launched

The new Bradford & Bingley Professional First-Time Buyer Mortgage has been launched today.

Aimed at first-time buyers training or working in specific professions, the Bradford and Bingley First-Time Buyer Mortgage is the first own branded mortgage the company has released in five years.

Solicitors, accountants and actuaries are now able to apply for the mortgage for their first home even as they are training to be fully qualified.

Most similar mortgages aimed at first-time buyers insist that the applicant is fully qualified, but Bradford & Bingley is looking to add to the list of eligible professions.

Sean Murphy, product development manager at Bradford & Bingley, said: "We felt that there was a gap in the first time buyer market, which other lenders had been slow to explore."

TV shows such as the BBC's Would You Buy a House with a Stranger? Demonstrate the lengths to which some people will now go to get onto the property ladder.

Commenting on the Bradford & Bingley Proffessional First-time Buyer Mortgage, Mr Murphy added: "Although there are similar mortgages already available we think our new product offers more attractive features such as a mix of higher income multiples and lower interest rates."

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