Chief executive of first-time buyer services firm Firstrung Paul Holmes criticised deals such as the 6.99 per cent offering with a 95 per cent
He said: “You could argue that £700 as a first-time buyer for every £100,000 borrowed is not bad, but it is very bad in relation to Ö where base rates are.”
Those keen to take out a
Earlier this month, partner relationship manager at online change of address service iammoving.com Jon Brown said the recent 1.99 per cent deal with a 40 per cent
It could “spark” them into providing a range of similar products, he suggested.