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First time buyer mortgage calculator

First time buyers mortgage calculatorFirst time buyers mortgage calculator
Try our first time buyer mortgage calculator to work out your monthly mortgage repayments.

 

Best Buy Mortgages for First Time Buyers


First time on the property ladder? Our independent experts compare the market daily to bring you 6 of the best mortgages designed for first time buyers; selected specially for their smaller deposits, higher LTV's and lower application fees. 
RateAPR CostMortgage TypePeriodMax LTVRedemption
SORTSORTSORTSORT
HSBC

3.84% Reverting to 3.94%4.0%Discounted Variable2 years90%1st 2 yrs
Product Fee: none
HSBC

4.89% Reverting to 3.94%4.2%Fixed31/05/201490%To 31/05/2014
Product Fee: none
Loughborough BS

3.99% Reverting to 4.99%5.0%Discounted Variable3 years90%1st 3 yrs
Product Fee: Completion £499
Skipton BS
5.99% Reverting to 4.95%5.3%Fixed30/04/201595%To 30/04/2015
Product Fee: Booking £195
Skipton BS
5.99% Reverting to 4.95%5.5%Fixed30/04/201795%To 30/04/2017
Product Fee: Booking £195
HSBC

4.99% for term5.1%VariableTerm90%-
Product Fee: none
Click to compare up to 3 mortgage products.
Disclaimer:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
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What you should know about First Time Buyer Mortgages

If you are buying a house for the first time, you may not have a lot of money to put down as a deposit, meaning the loan-to-value (LTV) you need may be quite high.

Our first time buyer mortgage best buys show the top discounted variable rate, variable rate tracker and fixed interest rate mortgages.  These mortgages have been specially selected as they require low deposits of as little as 5% and high loan-to-value limits, typically between 80% up to as much as 95% of the purchase price.

Remember that the upside of securing a higher loan-to-value mortgage may have a downside of paying a higher interest rate throughout the fixed mortgage term.

It might also be worth looking at two year fixed rates, three year fixed rates, five year fixed rates or variable rates (including trackers).

However, if you can’t find a product that’s right for you don’t worry – you can use our quick and easy mortgage search to find exactly the mortgage deal you are looking for.