Bristol & West mortgage to benefit first-time buyers

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Bristol & West mortgage to benefit first-time buyers

Bristol & West Mortgages has launched a new package designed to accommodate the needs of first-time buyers.

Affordability-stretched consumers will be able to borrow up to 100 per cent loan-to-value and may also benefit from enhanced income multiples.

Possessing highly competitive rates, the Bristol & West mortgages are available in two, three and five-year fixed-rate packages, as well as two and three-year variable-rate packages.

Bristol & West mortgage customers have the flexibility to be able to decide whether they want to transfer the £399 administrative fee on to their loan.

With the Council of Mortgage Lenders having said that in 2006 first-time buyers accounted for over a third of all new loans, Alison Pallett, head of consumer lending at the group, said it understood that "our direct customers want simplicity in obtaining their mortgage".

She added: "We pride ourselves in developing innovative products that help our customers access the best mortgage for their needs."

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