First Time Buyer Mortgages

  • First time buyer mortgages are designed specifically for those taking their daunting first step onto the property ladder.
  • You can compare the latest interest rates on first time buyer mortgages in the table below.
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You have a 90% loan-to-value
  • Penrith BS's logo'

    Penrith BS 2 Year Fixed

    • Initial Rate
      2.99% Fixed for 2 years
    • APRC
      4.60%
    • Product Fee
      £999
    • Monthly Repayment
      £639.48
    • Lender:
      Penrith BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £75,000
    • Max Loan:
      £250,000
    • Product Description:
      2.99% Fixed for 2 years
    • Incentives:
      Free valuation fees for properties valued Max £1M Remortgages
      free legal fees Remortgages
      help towards costs (Max £1
      5K) Min 75
      00% of Mortgage LTV
    • Initial Monthly Repayment:
      £639.48 x 24
    • Ongoing Monthly Payments:
      £760.27 x 276
    • Total Amount Payable:
      £227,644.93
    • Total Interest Payable:
      £90,182.04
    • Valuation Fee:
      £210
    • Exit Admin Fee:
      £50
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 2 yrs: 3% Sum Repaid
  • Barclays Mortgage's logo'

    Barclays Mortgage 5 Year Fixed

    • Initial Rate
      3.05% Fixed to 31/01/2026
    • APRC
      2.80%
    • Product Fee
      £0
    • Monthly Repayment
      £643.70
    • Lender:
      Barclays Mortgage
    • Max First Time Buyer LTV:
      95%
    • Max House Purchase LTV:
      95%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £5,000
    • Max Loan:
      £500,000
    • Product Description:
      3.05% Fixed to 31/01/2026
    • Incentives:
      Free valuation fees for properties valued Max £2M
      No arrangement fees

    • Initial Monthly Repayment:
      £643.70 x 62
    • Ongoing Monthly Payments:
      £617.54 x 238
    • Total Amount Payable:
      £187,763.92
    • Total Interest Payable:
      £51,883.92
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £80
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/1/26: 3% Sum Repaid
  • Hanley Economic BS's logo'

    Hanley Economic BS 3 Year Fixed

    • Initial Rate
      3.09% Fixed for 3 years
    • APRC
      4.50%
    • Product Fee
      £299
    • Monthly Repayment
      £646.52
    • Lender:
      Hanley Economic BS
    • Max First Time Buyer LTV:
      95%
    • Max House Purchase LTV:
      95%
    • Max Remortgage LTV:
      95%
    • Min Loan:
      £30,000
    • Max Loan:
      £500,000
    • Product Description:
      3.09% Fixed for 3 years
    • Incentives:
    • Initial Monthly Repayment:
      £646.52 x 36
    • Ongoing Monthly Payments:
      £759.13 x 264
    • Total Amount Payable:
      £225,139.04
    • Total Interest Payable:
      £88,685.04
    • Valuation Fee:
      £260
    • Exit Admin Fee:
      £95
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/3/23: 2% Sum Repaid
  • Scottish BS's logo'

    Scottish BS 3 Year Fixed

    • Initial Rate
      3.19% Fixed for 3 years
    • APRC
      4.70%
    • Product Fee
      £995
    • Monthly Repayment
      £653.61
    • Lender:
      Scottish BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £50,000
    • Max Loan:
      Varies
    • Product Description:
      3.19% Fixed for 3 years
    • Incentives:
      Refund valuation fees (Max £375) Remortgages
      £150 towards legal feesRemortgages or free legal feesRemortgages

    • Initial Monthly Repayment:
      £653.61 x 36
    • Ongoing Monthly Payments:
      £770.41 x 264
    • Total Amount Payable:
      £228,988.20
    • Total Interest Payable:
      £91,918.20
    • Valuation Fee:
      £175
    • Exit Admin Fee:
      £100
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 3 yrs: 3% Mortgage Advance
  • Barclays Mortgage's logo'

    Barclays Mortgage 5 Year Fixed

    • Initial Rate
      3.25% Fixed to 31/01/2026
    • APRC
      2.90%
    • Product Fee
      £0
    • Monthly Repayment
      £657.88
    • Lender:
      Barclays Mortgage
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £5,000
    • Max Loan:
      £500,000
    • Product Description:
      3.25% Fixed to 31/01/2026
    • Incentives:
      Free valuation fees for properties valued Max £2M
      No arrangement fees

    • Initial Monthly Repayment:
      £657.88 x 62
    • Ongoing Monthly Payments:
      £619.99 x 238
    • Total Amount Payable:
      £189,226.18
    • Total Interest Payable:
      £53,346.18
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £80
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/1/26: 3% Sum Repaid
  • Cambridge BS's logo'

    Cambridge BS 2 Year Fixed

    • Initial Rate
      3.49% Fixed for 2 years
    • APRC
      4.90%
    • Product Fee
      £199
    • Monthly Repayment
      £675.12
    • Lender:
      Cambridge BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £20,000
    • Max Loan:
      £400,000
    • Product Description:
      3.49% Fixed for 2 years
    • Incentives:
      Free valuation fees for properties valued Max £1M

    • Initial Monthly Repayment:
      £675.12 x 24
    • Ongoing Monthly Payments:
      £773.24 x 276
    • Total Amount Payable:
      £230,676.12
    • Total Interest Payable:
      £94,617.12
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £60
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 2 yrs: 3/2% Outstanding Balance
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Initial Rate
      3.49% Fixed for 2 years
    • APRC
      3.70%
    • Product Fee
      £999
    • Monthly Repayment
      £675.12
    • Lender:
      Nationwide BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      £500,000
    • Product Description:
      3.49% Fixed for 2 years
    • Incentives:
      Free valuation fees
      free valuation admin fees
      £500 cashback

    • Initial Monthly Repayment:
      £675.12 x 24
    • Ongoing Monthly Payments:
      £681.88 x 276
    • Total Amount Payable:
      £205,700.76
    • Total Interest Payable:
      £69,401.76
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £0
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 2 yrs: 2/1% Outstanding Balance
  • Nationwide BS's logo'

    Nationwide BS 5 Year Fixed

    • Initial Rate
      3.54% Fixed for 5 years
    • APRC
      3.70%
    • Product Fee
      £999
    • Monthly Repayment
      £678.74
    • Lender:
      Nationwide BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      £500,000
    • Product Description:
      3.54% Fixed for 5 years
    • Incentives:
      Free valuation fees
      free valuation admin fees
      £500 cashback

    • Initial Monthly Repayment:
      £678.74 x 60
    • Ongoing Monthly Payments:
      £681.75 x 240
    • Total Amount Payable:
      £205,643.40
    • Total Interest Payable:
      £69,344.40
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £0
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 5 yrs: 5/4/3/2/1% Outstanding Balance
  • Cumberland BS's logo'

    Cumberland BS 2 Year Fixed

    • Initial Rate
      3.57% Fixed to 01/01/2023
    • APRC
      4.20%
    • Product Fee
      £999
    • Monthly Repayment
      £680.92
    • Lender:
      Cumberland BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £20,000
    • Max Loan:
      £500,000
    • Product Description:
      3.57% Fixed to 01/01/2023
    • Incentives:
      Free valuation fees
      free legal fees Remortgages

    • Initial Monthly Repayment:
      £680.92 x 25
    • Ongoing Monthly Payments:
      £716.58 x 275
    • Total Amount Payable:
      £216,031.50
    • Total Interest Payable:
      £79,082.50
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £150
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 1/1/23: 2/1% Sum Repaid
  • Family Building Society's logo'

    Family Building Society 5 Year Fixed

    • Initial Rate
      3.64% Fixed to 31/03/2026
    • APRC
      3.90%
    • Product Fee
      £599
    • Monthly Repayment
      £686.02
    • Lender:
      Family Building Society
    • Max First Time Buyer LTV:
      95%
    • Max House Purchase LTV:
      95%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £45,000
    • Max Loan:
      £500,000
    • Product Description:
      3.64% Fixed to 31/03/2026
    • Incentives:
      Free valuation fees for properties valued Max £500K

    • Initial Monthly Repayment:
      £686.02 x 64
    • Ongoing Monthly Payments:
      £731.55 x 236
    • Total Amount Payable:
      £218,250.08
    • Total Interest Payable:
      £81,551.08
    • Valuation Fee:
      £175
    • Exit Admin Fee:
      £125
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/3/26: 5/4/3/2/1% Sum Repaid
  • Virgin Money's logo'

    Virgin Money 2 Year Fixed

    • Initial Rate
      3.64% Fixed to 01/03/2023
    • APRC
      4.20%
    • Product Fee
      £995
    • Monthly Repayment
      £686.02
    • Lender:
      Virgin Money
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £0
    • Max Loan:
      £1,000,000
    • Product Description:
      3.64% Fixed to 01/03/2023
    • Incentives:
      Free valuation fees
      £250 cashback

    • Initial Monthly Repayment:
      £686.02 x 27
    • Ongoing Monthly Payments:
      £734.17 x 57
    • Total Amount Payable:
      £217,448.51
    • Total Interest Payable:
      £80,853.51
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £50
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 1/3/23: 1.5% Outstanding Balance
  • Nationwide BS's logo'

    Nationwide BS 5 Year Fixed

    • Initial Rate
      3.74% Fixed for 5 years
    • APRC
      3.70%
    • Product Fee
      £0
    • Monthly Repayment
      £693.34
    • Lender:
      Nationwide BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      £500,000
    • Product Description:
      3.74% Fixed for 5 years
    • Incentives:
      Free valuation fees
      free valuation admin fees
      No arrangement fees
      £500 cashback

    • Initial Monthly Repayment:
      £693.34 x 60
    • Ongoing Monthly Payments:
      £684.25 x 240
    • Total Amount Payable:
      £206,120.40
    • Total Interest Payable:
      £70,820.40
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £0
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 5 yrs: 5/4/3/2/1% Outstanding Balance
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Initial Rate
      3.74% Fixed for 2 years
    • APRC
      3.70%
    • Product Fee
      £0
    • Monthly Repayment
      £693.34
    • Lender:
      Nationwide BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      £500,000
    • Product Description:
      3.74% Fixed for 2 years
    • Incentives:
      Free valuation fees
      free valuation admin fees
      No arrangement fees
      £500 cashback

    • Initial Monthly Repayment:
      £693.34 x 24
    • Ongoing Monthly Payments:
      £683.11 x 276
    • Total Amount Payable:
      £205,478.52
    • Total Interest Payable:
      £70,178.52
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £0
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 2 yrs: 2/1% Outstanding Balance
  • Click here to see 1 similar product
  • Cumberland BS's logo'

    Cumberland BS 5 Year Fixed

    • Initial Rate
      3.77% Fixed to 01/01/2026
    • APRC
      4.20%
    • Product Fee
      £999
    • Monthly Repayment
      £695.55
    • Lender:
      Cumberland BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £20,000
    • Max Loan:
      £500,000
    • Product Description:
      3.77% Fixed to 01/01/2026
    • Incentives:
      Free valuation fees

    • Initial Monthly Repayment:
      £695.55 x 61
    • Ongoing Monthly Payments:
      £715.15 x 239
    • Total Amount Payable:
      £215,298.40
    • Total Interest Payable:
      £78,349.40
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £150
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 1/1/26: 5/4/3/2/1% Sum Repaid
  • Cambridge BS's logo'

    Cambridge BS 2 Year Fixed

    • Initial Rate
      3.79% Fixed for 2 years
    • APRC
      4.90%
    • Product Fee
      £999
    • Monthly Repayment
      £697.02
    • Lender:
      Cambridge BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £20,000
    • Max Loan:
      £525,000
    • Product Description:
      3.79% Fixed for 2 years
    • Incentives:
      Free valuation fees for properties valued Max £1M Remortgages
      free legal fees Remortgages

    • Initial Monthly Repayment:
      £697.02 x 24
    • Ongoing Monthly Payments:
      £774.89 x 276
    • Total Amount Payable:
      £232,697.12
    • Total Interest Payable:
      £95,598.12
    • Valuation Fee:
      £240
    • Exit Admin Fee:
      £60
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 2 yrs: 3/2% Outstanding Balance
  • Leeds BS's logo'

    Leeds BS 2 Year Fixed

    • Initial Rate
      3.79% Fixed to 31/12/2022
    • APRC
      4.80%
    • Product Fee
      £1,499
    • Monthly Repayment
      £697.02
    • Lender:
      Leeds BS
    • Max First Time Buyer LTV:
      95%
    • Max House Purchase LTV:
      95%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £0
    • Max Loan:
      £500,000
    • Product Description:
      3.79% Fixed to 31/12/2022
    • Incentives:
      Free valuation fees (Max £999)
      free valuation admin fees

    • Initial Monthly Repayment:
      £697.02 x 25
    • Ongoing Monthly Payments:
      £714.27 x 36
    • Total Amount Payable:
      £235,367.37
    • Total Interest Payable:
      £97,869.37
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £199
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/12/22: 3/2% Sum Repaid
  • Teachers BS's logo'

    Teachers BS 2 Year Fixed

    • Initial Rate
      3.79% Fixed to 14/07/2022
    • APRC
      4.80%
    • Product Fee
      £199
    • Monthly Repayment
      £697.02
    • Lender:
      Teachers BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £20,000
    • Max Loan:
      Varies
    • Product Description:
      3.79% Fixed to 14/07/2022
    • Incentives:
      Free valuation fees Max £800K of Purchase Price
      free legal fees Remortgages
      free valuation admin fees Max £800K of Purchase Price
      National Education Union Cashback £100

    • Initial Monthly Repayment:
      £697.02 x 19
    • Ongoing Monthly Payments:
      £776.09 x 281
    • Total Amount Payable:
      £232,428.67
    • Total Interest Payable:
      £96,324.67
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £105
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 14/7/22: 3% Sum Repaid
  • Virgin Money's logo'

    Virgin Money 7 Year Fixed

    • Initial Rate
      3.79% Fixed to 01/03/2028
    • APRC
      4.00%
    • Product Fee
      £995
    • Monthly Repayment
      £697.02
    • Lender:
      Virgin Money
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £0
    • Max Loan:
      £1,000,000
    • Product Description:
      3.79% Fixed to 01/03/2028
    • Incentives:
      Free valuation fees

    • Initial Monthly Repayment:
      £697.02 x 87
    • Ongoing Monthly Payments:
      £713.66 x 213
    • Total Amount Payable:
      £214,495.32
    • Total Interest Payable:
      £77,650.32
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £50
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 1/3/28: 7/7/5/5/3/2/1% Outstanding Balance
  • Teachers BS's logo'

    Teachers BS 4 Year Fixed

    • Initial Rate
      3.84% Fixed to 14/06/2025
    • APRC
      4.60%
    • Product Fee
      £199
    • Monthly Repayment
      £700.71
    • Lender:
      Teachers BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £20,000
    • Max Loan:
      Varies
    • Product Description:
      3.84% Fixed to 14/06/2025
    • Incentives:
      Free valuation fees Max £800K of Purchase Price
      free legal fees Remortgages
      free valuation admin fees Max £800K of Purchase Price
      National Education Union Cashback £100

    • Initial Monthly Repayment:
      £700.71 x 54
    • Ongoing Monthly Payments:
      £768.17 x 246
    • Total Amount Payable:
      £227,912.16
    • Total Interest Payable:
      £91,808.16
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £105
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 14/6/25: 3% Sum Repaid
  • Furness BS's logo'

    Furness BS 3 Year Fixed

    • Initial Rate
      3.89% Fixed for 3 years
    • APRC
      4.90%
    • Product Fee
      £0
    • Monthly Repayment
      £704.41
    • Lender:
      Furness BS
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £30,000
    • Max Loan:
      £750,000
    • Product Description:
      3.89% Fixed for 3 years
    • Incentives:
      Free valuation fees (Max £665)
      No arrangement fees

    • Initial Monthly Repayment:
      £704.41 x 36
    • Ongoing Monthly Payments:
      £790.44 x 264
    • Total Amount Payable:
      £234,999.92
    • Total Interest Payable:
      £99,034.92
    • Valuation Fee:
      £75
    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 3 yrs: 4/3/2% Mortgage Advance
  • Mansfield BS's logo'

    Mansfield BS 5 Year Fixed

    • Initial Rate
      3.89% Fixed for 5 years
    • APRC
      5.00%
    • Product Fee
      £199
    • Monthly Repayment
      £704.41
    • Lender:
      Mansfield BS
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £50,000
    • Max Loan:
      £250,000
    • Product Description:
      3.89% Fixed for 5 years
    • Incentives:
      £400 cashback

    • Initial Monthly Repayment:
      £704.41 x 60
    • Ongoing Monthly Payments:
      £797.41 x 240
    • Total Amount Payable:
      £234,536
    • Total Interest Payable:
      £98,643
    • Valuation Fee:
      £169
    • Exit Admin Fee:
      £125
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 5 yrs: 3% Mortgage Advance

Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with L&C Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

First Time Buyer Mortgages FAQ

What is a first time buyer mortgage?

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