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Buying a home for the first time can feel a bit scary, and knowing what mortgage is right for you, might seem difficult at first. But that’s okay - we’re here to guide you as you take your first step on the property ladder. We’ve been helping people buy their first home for over 175 years. It's what we're good at and we've even won awards for it.
If you need help getting to grips with buying a home, our mortgage guides are a great place to start. Our first time buyer guide includes step by step support and explains what you need to do to make it all happen. You can also read about how important your credit score is, what a decision in principle is and what lenders look at when approving a mortgage. So, whether you're just exploring your options or you're ready to apply for a mortgage, we’ve got you covered.
Evie and Myles had previously had some missed payments on their credit card, but that didn’t stop them getting a mortgage.
Find out how we helped them buy their first home when others said no.
Exploring your options as a first-time buyer is an important step towards securing a home that fits both your plans and budget. With a wide range of first-time buyer mortgages to choose from, it helps to understand how different features, terms and rates can shape what you pay each month. You can use our mortgage finder to help narrow down suitable options and compare deals that might work for you.
You never know, getting on the property ladder could be closer than you think. Saving for your first home can be tough and building a deposit can take time – we get it. That’s why we offer mortgages to support first-time buyers with a low deposit. We also offer mortgages through affordable home ownership schemes.
You can get a mortgage with a deposit as low as 5% - perfect for first-time buyers.
Low deposit mortgagesA nice little addition - handy if you want to jazz up the place and make your new house a home.
Cashback mortgagesShared ownership could be the ticket to owning your first home.
Shared ownership mortgagesNot everyone offers low deposit mortgages on brand new homes - but we do.
New build mortgagesYour home may be repossessed if you do not keep up repayments on your mortgage.
When buying your first home, it’s not just the deposit you need to think about. Your mortgage rate will affect how much you’ll pay each month. Mortgage rates for first-time buyers can change depending on your deposit size, credit history, your income and outgoings and the type of mortgage you choose. Using tools like our mortgage finder will give you an idea of what mortgage rates look like right now, and what your monthly payments could be.
Alongside rates, there are other costs to consider. You’ll likely need to pay solicitor fees, valuation fees, moving costs and buildings insurance. Our mortgage guides break down these costs in more detail to help you plan with confidence.
As for stamp duty, many first-time buyers can benefit from reduced or zero stamp duty, which makes a huge difference to your upfront costs. You can find out more about these rules in our stamp duty explained guide.
Our mortgage finder will help you find a mortgage deal that works for you. Compare our first-time buyer mortgage rates and see what your monthly payments might look like.
To find out more about our range of low deposit, new build or shared ownership mortgages, give us a call or request a call back.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
3.5% of amount repaid until 31/07/2027, followed by 2.5% of amount repaid until 31/07/2028, followed by 1.5% of amount repaid until 31/07/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
3.5% of amount repaid until 31/07/2027, followed by 2.5% of amount repaid until 31/07/2028, followed by 1.5% of amount repaid until 31/07/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
3.5% of amount repaid until 31/07/2027, followed by 2.5% of amount repaid until 31/07/2028, followed by 1.5% of amount repaid until 31/07/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
3.5% of amount repaid until 31/07/2027, followed by 2.5% of amount repaid until 31/07/2028, followed by 1.5% of amount repaid until 31/07/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
3.5% of amount repaid until 31/07/2027, followed by 2.5% of amount repaid until 31/07/2028, followed by 1.5% of amount repaid until 31/07/2029 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
2.5% of amount repaid until 31/07/2027, followed by 1.5% of amount repaid until 31/07/2028 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
End Date
Reversion Rate
Benefits
Early Repayment Charges
5.5% of amount repaid until 31/07/2027, followed by 4.5% of amount repaid until 31/07/2028, followed by 3.5% of amount repaid until 31/07/2029, followed by 2.5% of amount repaid until 31/07/2030, followed by 1.5% of amount repaid until 31/07/2031 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.
*Initial estimated monthly payments are calculated based on the figures entered above on a capital and interest repayment basis.
**For owner occupier mortgages, the actual variable rate applied will be based on the value of your property relative to the outstanding mortgage balance (this is known as the Loan to Value (LTV)). However, this rate will never be higher than the Society’s Standard Variable Rate at that time. For further details about what happens to your interest rate when your mortgage offer period ends, click here.
We’ll instruct a mortgage valuation. This is for our own use only. The cost of the valuation is set out in the product features. Where you feel you need more information about the property including its condition, there are three additional types of survey available to you: Home Survey Level 1 (Previously known as a Condition Report), Level 2 (Previously known as a Home Buyers’ Survey) and Level 3 (Previously known as a Building Survey). You’ll need to decide which level is best for you. For further details please visit rics.org
Representative example
A mortgage of £240,000 payable over 35 years initially on a fixed rate for two years at 5.74% and then on our current standard variable rate of 6.24% (variable) for the remaining 33 years would require an initial payment of £2,496.83, 25 monthly payments of £1,326.81 and 394 monthly payments of £1,404.46.
The total amount payable would be £589,587.90 made up of the loan amount plus interest (£348,963.90), a completion fee (£499) and an account management fee (£125 - paid upon redemption).
The overall cost for comparison is 6.4% APRC representative.
This representative example assumes mortgage payments are made on the 1st day of a calendar month.
The above representative example is for illustration purposes only and may vary depending on your personal circumstances.
A first-time buyer mortgage is a mortgage designed for people who have never owned a home before. They often come with features to make getting on the property ladder a little easier, such as low deposit options, cashback offers, or government backed schemes like shared ownership.
First-time buyers usually need a deposit of at least 5% of the property’s price, although saving a larger deposit (10% or more) can give you access to a wider range of mortgage products and potentially lower rates. You can use our mortgage finder to see how different deposit amounts affect what your interest rate might be and how much you'll likely pay each month.
First-time buyer mortgage rates vary depending on your deposit size, credit history, how much you earn and spend, and the type of mortgage you choose. Our mortgage finder tool can help you compare current products and rates based on your circumstances.
Many first-time buyers benefit from reduced or zero stamp duty. It all depends on the value of the home you’re buying. You can find full details in our stamp duty explained guide.
First-time buyers can typically benefit from lower deposit mortgage options, government backed schemes and reduced or zero stamp duty in some cases. Lenders also often provide tailored guidance to help first-time buyers feel confident as they take their first steps towards home ownership.
Whether you have a question or are ready to take the first step, we're happy to help.
0345 241 3785schedule 8:30am to 6:00pm Monday to Friday
schedule 8:30am to 12:30pm on Saturday
You can also request a call back or visit us in branch.
