Interest only mortgages for First Time buyers.

06 March 2003
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A number of lenders offer interest only products to first time buyers.Most lenders are targeting this product at high income earners(100k plus).However one lender, IIB Bank will offer this facility to average income earners for a max period of three years.This is an attractive option in that it gives first time buyers a chance to get their new furnished e.t.c.