100% Recommend


We've been trusted by thousands of customers for mortgages since 2013.

100% Recommend

The Independent review organisation Reviews.co.uk report that 100% of reviewers recommend Lending Expert

Lending Experts

We’re mortgage experts. This means we know our stuff when it comes to all types of mortgages. We know where the best rates are and have access to exclusive deals just for Lending Expert customers.

Huge Market Comparison

We’re not tied to one lender which means we can search the wider market to find you the cheapest mortgages from across the UK.

Authorised & Regulated

Lending Expert is an FCA regulated credit broker which means you can be assured you are dealing with a legitimate and reputable finance company.

Flexible Lending

If you have bad credit or have previously been refused a mortgage we can consider your application. Whatever your circumstances please get in touch and we'll do our best to help find you the perfect mortgage deal.

What first time buyer mortgage options are available

Mortgages for first time buyers

Mortgage options for first time buyers

There are a number of reasons why first time buyers struggle to get a mortgage. The main one is that as a first time buyer you will probably have a smaller size of deposit to put towards buying your new property than those already on the housing ladder because of the high costs of renting. First time buyers will also generally be on lower incomes than those already on the ladder and so can find it difficult to meet the lending criteria that is stipulated by many lenders.

Why size matters

In this case it is the size of your deposit that is the thing that matters. If you are able to put together a deposit of anywhere between 30% and 40% of the value of the property that you wish to buy you will find that you will probably find it reasonably easy to get a mortgage as your loan to value ratio will be low and therefore you will present a lower risk to a lender. In addition to this you will also find that you will have access to mortgage deals offering lower interest rates.

If you only have a 5% deposit

There are 95% mortgages available for first time buyers, but in order to be able to qualify for these loans you will have to ensure that you have a good credit score and also demonstrate that you have sufficient income to be able to afford the repayments. One thing you will also need to be aware of is that your ability to make your repayments will be stress tested by looking at the affordability should the interest rates rise significantly. If a lender does not feel that you will be able to make these payments at the higher interest rate you will not be granted the mortgage.

Help to Buy schemes

If you are struggling to get a mortgage on your own you may find that you qualify for a help to buy scheme. These schemes are for people who only have a small deposit, and in some cases they are specifically for people buying new houses. These schemes can provide you with either a guarantee from the government for part of your mortgage, or an equity loan to act as part of your deposit, both of which provide you with additional backing, and therefore presenting a lower risk to a lender making it easier for you to get a mortgage.

Our experts can check the market to find you the right mortgage. We've helped thousands of first time buyers take out their first mortgage. Simply check your eligibility and apply online today.

Related Links

Compare Mortgages

Compare from a wide range of mortgage offers online. Get expert advice from our FCA authorised mortgage brokers.

Mortgages For First Time Buyers

If you're a first time buyer we can help you make the right decisions. Get expert help from our mortgage advisors and compare the market.

90% Mortgages

Need a mortgage with a 10% deposit? Compare and search 90% mortgages onlines. Apply online with Lending Expert.

95% Mortgages

Need a mortgage with a 5% deposit? Compare and search 95% LTV mortgages onlines.

Fixed Rate Mortgages

Compare fixed rate mortgages and get expert advice from our mortgage advisors. Apply online today with Lending Expert.

Mortgage Brokers

Mortgage brokers can search the market and offer advice on which mortgage products suit your needs. Help expert help with Lending Expert.

Help to Buy Mortgages

Get advice on the help to buy scheme and see which mortgages are available to you. Lending Expert can check your eligibility online.

Right to Buy Mortgages

Want to buy your council house? Our mortgage advisors can help with right to buy mortgage products.

Mortgages For Pensioners

If you're a pensioner and need a mortgage or remortgage then Lending Expert can help.

Mortgages For Self Employed

If you're self employed and wish to remortgage your home or take out a new mortgage we can help.

Self Build Mortgages

Want to build your own home? Our advisors can help with self build mortgages and can discuss what options are available.

Holiday Let Mortgages

If you're looking for a holiday let mortgage or brokers can help secure you a great deal. Check your eligibility and apply online today.

Guarantor Mortgages

Need a mortgage with the help from a guarantor. We can search and compare guarantor mortgages on the market.

100% Mortgages

Looking for a 100% mortgage deal. Let our advisors find you a great deal.

Bad Credit Mortgages

If you have bad credit and need a mortgage we can help. Solutions for most credit types.

Buy to Let Mortgages

Our brokers can quickly search and compare buy to let mortgage rates and deals to find you what you need.

Mortgage Calculator

Calculator your mortgage repayments, how much it will cost and interest payments.

Equity Release Mortgages

Get expert advice on equity release mortgages for the over 55's.

Expat Mortgages

Are you an expat and require a mortgage? We can search the market to find you the ideal lender.

Mortgage Payment Protection

Looking to protect your mortgage payments? Our life insurance experts can help.

Lifetime Mortgages

Looking to release equity in your home? Our experts can help with lifetime mortgage options. FCA authorised advisors.

Second Charge Mortgages

If you wish to take out a second charge mortgage our brokers can help. Get a quick quote and expert advice.

Remortgage For Debt Consolidation

Find the perfect remortgage deal for debt consolidation purposes here on Lending Expert.

Remortgage With Bad Credit

If you have bad credit you can still remortgage to a better mortgage rate and borrow what you need.