First Time Buyer Mortgages

If you are a first time home buyer then you need to be confident that you’re getting the best mortgage deal. We compare all the market leading mortgage products open to first time buyers and our mortgage team ensures we know the cheapest rates and offers on the market. Speak to an expert or compare the rates and lenders below from the whole market.

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Mortgage Expert



Mortgage calculator - How much do you want to borrow?

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Direct 2 Year Discount £1495 Fee

Initial Rate
1.54%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£476.13

APR
4.3%

compare

Direct 2 Year Fixed £1450 Fee

Initial Rate
1.89%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£489.67

APR
3.5%

compare

Direct 2 Year Discount £499 Fee

Initial Rate
1.89%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£491.76

APR
4.5%

compare

Direct 2 Year Fixed £1499 Fee

Initial Rate
1.94%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.18

APR
4.2%

compare

Direct 2 Year Fixed £1499 Fee Existing Borrower

Initial Rate
1.94%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.81

APR
4.3%

compare

2 Year Discount £800 Fee

Initial Rate
1.95%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£496.44

APR
4.6%

compare

Direct 2 Year Fixed £1695 Fee

Initial Rate
1.95%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£500.21

APR
4.4%

compare

Intermediary 2 Year Fixed £800 Fee Limited Edition

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.88

APR
4.7%

compare

Intermediary 2 Year Fixed £800 Fee

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£498.73

APR
5%

compare

Direct 2 Year Fixed £999 Fee Standard

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£499.15

APR
3.5%

compare

Direct / Semi Exclusive 2 Year Fixed £800 Fee Limited Edition

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.88

APR
4.7%

compare

2 Year Discount £1499 Fee

Initial Rate
1.99%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£501.77

APR
5.1%

compare

Direct 2 Year Fixed £749 Fee C/A Premier/Advance Standard

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£498.09

APR
3.5%

compare

Intermediary 2 Year Fixed £1499 Fee

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£501.69

APR
4.2%

compare

2 Year Discount 0.5% Fee

Initial Rate
2.09%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£503.56

APR
5.2%

compare

ATOM 2 Year Discount 0.5% Fee

Initial Rate
2.09%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£503.56

APR
5.2%

compare

2 Year Fixed £800 Fee

Initial Rate
2.09%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£504.48

APR
4.7%

compare

Direct 2 Year Fixed £995 Fee

Initial Rate
2.09%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£505.31

APR
4.4%

compare

2 Year Fixed £995 Fee Purchase

Initial Rate
2.11%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£506.50

APR
4.5%

compare

2 Year Fixed £895 Fee

Initial Rate
2.13%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£507.28

APR
4.9%

compare

Direct 2 Year Fixed £999 Fee

Initial Rate
2.14%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£507.58

APR
4.2%

compare

Direct 2 Year Fixed £999 Fee Existing Borrower

Initial Rate
2.14%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£508.23

APR
4.2%

compare

Direct 2 Year Fixed £995 Fee

Initial Rate
2.15%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£508.79

APR
3.7%

compare

Intermediary Premier Semi Exclusive 2 Year Fixed £999 Fee Purchase

Initial Rate
2.18%

Mortgage Type
Fixed

Duration
Mar-2019

Monthly Payment
£510.55

APR
4.4%

compare

Intermediary 2 Year Fixed £499 Fee Product Transfer <£500k

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£508.96

APR
4.3%

compare

Direct / Semi Exclusive 2 Year Fixed £800 Fee

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£510.27

APR
5.3%

compare

Intermediary 2 Year Fixed £999 Fee <£500k

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£511.13

APR
4.3%

compare

Flexx For Term £999 Fee

Initial Rate
2.19%

Mortgage Type
Variable

Duration
Term

Monthly Payment
£511.13

APR
2.3%

compare

2 Year Discount £999 Fee

Initial Rate
2.19%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£510.38

APR
4.5%

compare

Intermediary 2 Year Fixed £999 Fee

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£511.13

APR
4.2%

compare

Direct 2 Year Tracker £999 Fee Existing Borrowers C/A

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Tracker £999 Fee Save To Buy Existing Borrowers

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Tracker £999 Fee Save To Buy Existing Borrowers C/A

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Fixed £995 Fee Product Transfer

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£511.11

APR
4.4%

compare

2 Year Tracker £999 Fee Existing Borrowers

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Tracker £999 Fee Switcher

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.5%

compare

Direct 2 Year Fixed No Fee East Midlands Only

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£506.80

APR
4.5%

compare

Direct 2 Year Fixed £300 Fee

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£508.10

APR
4.6%

compare

Intermediary Premier Semi Exclusive 2 Year Discount 0.4% Fee Purchase

Initial Rate
2.19%

Mortgage Type
Discount

Duration
Feb-2019

Monthly Payment
£508.83

APR
4.4%

compare

Intermediary Key Account Exclusive 2 Year Fixed £999 Fee

Initial Rate
2.21%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£512.30

APR
4.2%

compare

Intermediary Key Account Exclusive 2 Year Fixed £999 Fee (Scottish)

Initial Rate
2.21%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£512.30

APR
4.2%

compare

Intermediary Exclusive 2 Year Fixed £995 Fee Purchase

Initial Rate
2.21%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£512.41

APR
3.5%

compare

Intermediary 2 Year Fixed £995 Fee Purchase

Initial Rate
2.23%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£513.44

APR
4.9%

compare

FTB 2 Year Fixed £995 Fee

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.03

APR
4.3%

compare

2 Year Fixed £995 Fee Purchase

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.03

APR
4.3%

compare

Lifetime Flexible Discount £800 Fee

Initial Rate
2.24%

Mortgage Type
Variable

Duration
Term

Monthly Payment
£513.18

APR
2.3%

compare

FTB 2 Year Fixed £999 Fee

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.05

APR
4.2%

compare

FTB 2 Year Fixed £999 Fee (Scottish)

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.05

APR
4.2%

compare

2 Year Fixed £999 Fee

Initial Rate
2.25%

Mortgage Type
Fixed

Duration
Mar-2019

Monthly Payment
£514.63

APR
4.1%

compare

Intermediary Offset 2 Year Fixed £995 Fee

Initial Rate
2.26%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£515.20

APR
4.9%

compare



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Recent mortgage Q&A

What first time buyer mortgage options are available

mortgages

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 20% and 25% 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 with far greater choice.

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 mortgage 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

Mortgages

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. Take a look at the Help to Buy mortgage lenders and compare the deals on offer from the lenders who are currently participating in the scheme.

Related mortgage product pages

95% mortgages for first time buyers | 90% mortgages | 85% mortgages | 80% mortgages | 75% mortgages | 70% mortgages | Mortgage Broker | Mortgage Calculator

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2 year fixed rate mortgages | 3 year fixed rate mortgages | 5 year fixed rate mortgages | 10 year fixed rate mortgages | Compare all fixed rate mortgages

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