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First Time Buyer Mortgages

So your client is looking to take the plunge and buy their first home. 

Key points for our First Time Buyer products:

  • Max LTV inclusive of fees
  • Free Valuations
  • Gifted Deposits acceptable
  • Repayment only
  • Minimum age 21
  • Minimum loan size £100,000
  • Maximum loan size: £1,000,000 up to 85% LTV, £650,000 up to 90% LTV or £500,000 above 90% LTV
  • Minimum mortgage term 5 years
  • Maximum mortgage term 40 years
  • We allow new build houses up to 95% LTV, new build flats restricted to 75% LTV
  • For joint applications, one applicant must be a First Time Buyer. If the second applicant is not a First Time Buyer, they must not have another mortgage outstanding at the time of the application 

Our First Time Buyer mortgage range

First Time Buyer 95% LTV 5 Year Fixed Rate Mortgage

Initial rate

5.47% (fixed)

Then reverting to our SVR minus 1.00%

7.54%

Product period

5 years

Arrangement fee

£0

LTV rate

95.00%

APRC

6.90% APRC

First Time Buyer 95% LTV Two Year Fixed Rate Mortgage

Initial rate

6.47% (fixed)

Then reverting to our SVR minus 1.00%

7.54%

Product period

2 Years

Arrangement fee

None

LTV rate

95.00%

APRC

7.60% APRC

First Time Buyer 90% LTV 2 Year Fixed Rate Mortgage

Initial rate

6.07% (fixed)

Then reverting to our SVR minus 1.00%

7.54%

Product period

2 Years

Arrangement fee

None

LTV rate

90.00%

APRC

7.50% APRC

First Time Buyer 90% LTV 5 Year Fixed Rate Mortgage

Initial rate

5.27% (fixed)

Then reverting to our SVR minus 1.00%

7.54%

Product period

Five years

Arrangement fee

£0

LTV rate

90.00%

APRC

6.80% APRC

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