First time buyer package from Birmingham Midshires

Birmingham Midshires has launched a three year fixed rate mortgage deal exclusively for first time buyers. There is no arrangement fee and the mortgage carried a fixed rate of 6.29% until May 2004. A free valuation worth up to £455 is also available as well as £200 cashback upon completion to help cover up-front costs. The package includes a £200 discount on the first year's premium for either buildings and contents insurance or an accident, sickness and unemployment policy opened through Birmingham Midshires on completion of the mortgage. Stephen Sandiford, head of borrowing pro...