Internet bank cahoot has announced a new range of mortgages including fixed rate, tracker and flexible products.
The new products include a two-year tracker at 4.34 per cent with a £699 booking fee and a two-year tracker at 4.54 per cent with a £449 booking fee, both of which offer loans up to 95 per cent of the property value.
Other options include the two-year fixed option at 4.49 per cent with a £699 booking fee and the flexible plus mortgage at 4.90 per cent with a £699 booking fee and a loan of 90 per cent of the property value.
John Goddard, cahoot director, commented: "With this new range of competitive mortgages, we're dipping our toe in the market and testing the demand for mortgages from cahoot.
"These are some of the best rates on the market and we hope the trial will prove popular."
Available in conjunction with parent company Abbey from October 7th, the cahoot mortgages are offered over the telephone.
For more information on Mortgages for First Time Buyers click here