First Time Buyer Mortgages

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You have a 90% loan-to-value
  • Hinckley & Rugby BS's logo'

    Hinckley & Rugby BS 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.30% Fixed for 2 years
    • APRC
      4.80%
    • Product Fee
      £199
    • Monthly Repayment
      £592.13
    Continue on Fluent Mortgages' website + More Info
  • Leeds BS's logo'

    Leeds BS 2 Year Fixed

    • Initial Rate
      2.33% Fixed to 31/10/2023
    • APRC
      4.60%
    • Product Fee
      £999
    • Monthly Repayment
      £594.14
    Continue on Fluent Mortgages' website + More Info
  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Fixed

    • Initial Rate
      2.35% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £999
    • Monthly Repayment
      £595.49
    Continue on Barclays Mortgage's website + More Info
  • Virgin Money's logo'

    Virgin Money 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.39% Fixed to 01/12/2023
    • APRC
      4.00%
    • Product Fee
      £995
    • Monthly Repayment
      £598.18
    Continue on Fluent Mortgages' website + More Info
  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Cashback Available
    • Initial Rate
      2.44% Fixed for 3 years
    • APRC
      3.40%
    • Product Fee
      £999
    • Monthly Repayment
      £601.56
    Continue on Fluent Mortgages' website + More Info
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.44% Fixed for 2 years
    • APRC
      3.50%
    • Product Fee
      £999
    • Monthly Repayment
      £601.56
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 2 Year Fixed

    • Initial Rate
      2.45% Fixed to 30/09/2023
    • APRC
      4.20%
    • Product Fee
      £999
    • Monthly Repayment
      £602.24
    Continue on Fluent Mortgages' website + More Info
  • NatWest's logo'

    NatWest 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.48% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £995
    • Monthly Repayment
      £604.27
  • Royal Bank of Scotland's logo'

    Royal Bank of Scotland 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.48% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £995
    • Monthly Repayment
      £604.27
  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Fixed

    • Initial Rate
      2.49% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £0
    • Monthly Repayment
      £604.95
    Continue on Barclays Mortgage's website + More Info
  • NatWest's logo'

    NatWest 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.49% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £995
    • Monthly Repayment
      £604.95
  • Royal Bank of Scotland's logo'

    Royal Bank of Scotland 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.49% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £995
    • Monthly Repayment
      £604.95
  • Halifax's logo'

    Halifax 2 Year Fixed

    • Initial Rate
      2.53% Fixed to 30/11/2023
    • APRC
      3.60%
    • Product Fee
      £995
    • Monthly Repayment
      £607.67
    Continue on Halifax's website + More Info
  • TSB's logo'

    TSB 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.54% Fixed to 30/11/2023
    • APRC
      2.70%
    • Product Fee
      £995
    • Monthly Repayment
      £608.36
    Continue on Fluent Mortgages' website + More Info
  • Santander's logo'

    Santander 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.57% Fixed to 02/11/2023
    • APRC
      3.30%
    • Product Fee
      £999
    • Monthly Repayment
      £610.40
    Continue on Fluent Mortgages' website + More Info
  • Leeds BS's logo'

    Leeds BS 2 Year Fixed

    • Initial Rate
      2.58% Fixed to 31/10/2023
    • APRC
      4.60%
    • Product Fee
      £0
    • Monthly Repayment
      £611.09
    Continue on Fluent Mortgages' website + More Info
  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Fixed

    • Initial Rate
      2.59% Fixed to 30/11/2023
    • APRC
      3.50%
    • Product Fee
      £0
    • Monthly Repayment
      £611.77
    Continue on Barclays Mortgage's website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Initial Rate
      2.68% Fixed to 31/10/2023
    • APRC
      3.90%
    • Product Fee
      £995
    • Monthly Repayment
      £617.94
    Continue on Fluent Mortgages' website + More Info
  • first direct's logo'

    first direct 2 Year Fixed

    • Initial Rate
      2.69% Fixed for 2 years
    • APRC
      3.50%
    • Product Fee
      £490
    • Monthly Repayment
      £618.63
  • Virgin Money's logo'

    Virgin Money 2 Year Fixed

    • Cashback Available
    • Initial Rate
      2.69% Fixed to 01/12/2023
    • APRC
      4.10%
    • Product Fee
      £995
    • Monthly Repayment
      £618.63
    Continue on Fluent Mortgages' website + More Info
  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Cashback Available
    • Initial Rate
      2.74% Fixed for 3 years
    • APRC
      3.50%
    • Product Fee
      £0
    • Monthly Repayment
      £622.08
    Continue on Fluent Mortgages' website + More Info

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 Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

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Last updated on 09 November 2020.

First Time Buyer Mortgages FAQ

What is a first time buyer mortgage?

A first time buyer mortgage is a mortgage specifically for buyers who are not existing home owners.

Are first time buyer mortgages more expensive?

Not necessarily. The rate you'll pay will depend largely on how much of a deposit you have. The fact that you're a first time buyer has no impact. In fact, first time buyer mortgages tend to come with incentives such as cashback or free legal services.

What kind of deposit do I need for a first time buyer mortgage?

First time buyer mortgages are available at a range of loan to values (LTVs) - the ratio of the loan amount needed compared to the cost of the property. The larger deposit you have the lower the LTV. Lower LTV mortgages tend to have cheaper rates.

What fees will I pay?

You could face an arrangement fee, product fee, valuation fee and legal fees although not all fees apply to all products.

What criteria will I have to meet to get a first time buyer mortgage?

You will have to meet your lender's affordability criteria. The lender will want to know you can afford to repay the loan and each lender has its own means of assessing affordability. You'll also need to adhere to the lender's standard criteria, including being within its age limit and having a good credit score.

What are the benefits of first time buyer mortgages?

Mortgages aimed specifically at first time buyers tend to feature incentives such as money towards legal fees, cashback or low fees.

What are the downsides?

There aren't any downsides specific to first time buyer mortgages, but as a first time buyer it's important to bear in mind all of the costs involved in taking out a mortgage and ensure you are able to afford the monthly repayments.

How can I improve my chances of getting a first time buyer mortgage?

Your lender will want to make sure you can afford to repay the mortgage so keep your finances in order, check your credit score is good (and take steps to improve it if need be) and where possible reduce your outgoings. Also, remember the bigger your deposit the better the rates available to you so save as much as you can before buying.

How can I compare first time buyer mortgages?

You can compare first time buyer mortgages using NerdWallet's comprehensive comparison tables which allow you to sort products by fees, rates and overall cost.