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The Telegraph - New 90pc first-time buyer mortgage launched – but there's a £25,000 catch

Aaron Strutt Image

First-time buyers have been given fresh hope after Virgin Money launched two new deals for those with only a 10pc deposit, however, homeowners must be prepared to sit tight for at least seven years or pay hefty exit fees.

Aaron Strutt of Trinity Financial to The Telegraph: “We do not tend to advise first-time buyers with low deposits to take five-year fixes, let alone seven or 10 years.”

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sunday times telegraph financial times bbc news the express the times
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