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 £30,000
• 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. If the second applicant is not a First Time Buyer, they must not have another mortgage outstanding at the time of the application