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First time home buyer centre
Helping you buy your first home
- Understand your mortgage options
- Work out what you can afford
- Tools and tips for every stage
Your home may be repossessed if you do not keep up repayments on your mortgage.
What you need to know
First-time buyer centre
Buying your first home means making big decisions – where should you live? Which property should you make your home? How will you pay for it?
The answers are up to you, but we’ve created this first-time buyer centre to provide you with information that’ll help you feel more confident making those big decisions.
The help you’ll find here
- See the mortgages we offer, including those specially designed for first-time buyers
- Struggling to save up a deposit? Find out about the mortgage options available to help first-time buyers get on the property ladder
- Use our helpful resources to better understand the home-buying journey, including our guide to buying your first home
- Check if you’re ready to apply for a mortgage, and find out what happens when you do
You can also look for answers to your questions in our mortgage FAQs.
There are lots of mortgages out there for first-time buyers but they mainly come down to 2 types – fixed rate and tracker. We offer both of these, as well as mortgages created specifically for first-time buyers.
Your mortgage rate will stay fixed for a set term, so you’ll know exactly what your monthly repayments will be during that time.
A mortgage rate that changes in line with the lender’s interest rate – so your monthly payments could increase or decrease over time.
Buy your first home without a borrower deposit if your family can provide 10% of the property’s price as security.
If you’re finding saving for a deposit difficult, Family Springboard offers a mortgage without a borrower deposit if your family can help. There are also Government mortgage schemes that could help. You can apply for a mortgage with us using these schemes, or consider buying a property with other people.
Help to Buy mortgage guarantee
Apply through the Government’s Help to Buy mortgage guarantee scheme, and you could get a mortgage with a deposit as low as 5%.
Help to Buy equity loan
Government equity loans increase the deposit you can provide so you can choose from a wider range of mortgage deals for new build properties.
Buying a share of a property with a housing association means you can apply for a smaller mortgage amount – and increase your share later if you choose to.
Wherever you are on your home-buying journey – saving for your deposit, putting in an offer or picking up the keys – you’ll find valuable information within our help and guides.
First-time buyer’s guide
A step-by-step guide to the home-buying process to help you understand your options and what you need to consider.
New rules for mortgages
Understand what the UK’s mortgage lending rules mean for you and check if we might lend you the amount you want – without affecting your credit score.
With so much involved in buying a home, applying for a mortgage can be a rather complex process. We’re here to help make it as straightforward as possible.
Are you ready to apply?
Sometimes we find that people try to apply for a mortgage before they have everything they need in order. That’s why we’ve created a quick checklist of the steps you need to take before you can apply for a mortgage.
- Have you completed an Agreement in Principle ? It’s a way of getting an indication whether we’d be willing to lend you the amount you want – and you can do it online or in branch
- Has your offer on a property been accepted? You shouldn’t apply for a mortgage until the offer you make on a property has been accepted, as you’ll need the exact details of the mortgage amount you want to apply for.
- Do you have all your paperwork together? Our mortgage advisers will need to consider your income, debts, regular spending and personal circumstances to ensure you can afford to repay the mortgage. So you’ll need to have ready a number of documents to bring with you to your application appointment.
Once you’ve applied
Depending on the complexity of your situation, we’ll usually then process your application, arrange for a valuation of your property and then make our final lending decision.
Our mortgages are subject to status and availability. You must be 18 years or over to apply for a mortgage.