First Time Buyer Mortgages - Mortgage Rates | moneyfacts.co.uk

Find the best First Time Buyer Mortgages

  - First time on the property ladder? Our independent experts compare the whole market to find the best mortgages for first time buyers; selected specially for their smaller deposits, higher LTV's and lower application fees.
 
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Compare the Best First Time Buyer Mortgages

Compare
Up to 3 products
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RateAPRCMortgage TypePeriodMax LTVERCSearch all
4667 mortgages

2.94% reverting to 5.34% 5.1% Discounted Variable2 years95%1st 2 yrs Details...
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  Product Fee: Completion £300, Booking £199 

3.40% reverting to 4.94% 4.9% Fixed28/02/201995%To 28/02/2019Details...
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  Product Fee: Arrangement £250, Booking £250 

3.48% reverting to 3.74% 3.9% Fixed28/02/201995%To 28/02/2019Details...
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  Product Fee: Arrangement £995 

3.09% reverting to 4.74% 4.5% Discounted Variable31/01/202095%To 31/01/2020Details...
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  Product Fee: None 

3.74% reverting to 5.99% 5.2% Fixed31/05/202295%To 31/05/2022Details...
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  Product Fee: Completion £800, Booking £199 

3.89% reverting to 4.99% 4.8% Fixed31/12/202195%To 31/12/2021Details...
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  Product Fee: Completion £199, Booking £199 
Compare
Last Updated: Sunday 22 January 2017 11:42

Representative Example: £150,000 mortgage over 25 years initially at 3.09% variable for 36 months reverting to 4.74% variable for term. 36 monthly payments of £718.36 and 264 monthly payments of £839.63. Total amount payable £247,948.28 includes loan amount, interest of £97,523, valuation fees of £250 and product fees of £0. The overall cost for comparison is 4.4% APRC representative.

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply via Moneyfacts.co.uk today. Products shown with a yellow background are sponsored products.

Disclaimer: Credit will be secured by a mortgage on your property. 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.

 

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.

 
 

First Time Buyer Calculator

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Before applying for a mortgage, work out how much your mortgage will cost you each month using Moneyfacts.co.uk mortgage calculator.

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