Important Message
IST Team
Our Intermediary Support Team (IST) will be unavailable between 9:30am and 11:30am on Monday 1 December to enable staff to attend essential training. We apologise for any inconvenience this may cause.
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 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.