First time buyer

Buying your first home is one of the most exciting things you’ll do. There’s so much to think about but we can help find the right mortgage for you with our wide range of products designed specifically for first time buyers. To make a start, read our introduction to mortgages and use our Selection Tool to find the right mortgage for you.

Affordability calculator

Find out how much you can borrow with our affordability calculators.

Variable mortgages

Our Standard Variable Rate (SVR) is currently 8.19% (variable). Please note from 1st January 2025 the SVR will be 7.99% (variable). There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

Product name

Residential variable for 2 years

Initial rate

5.54%

Discount from SVR

2.65%

Overall cost for comparison

7.7% APRC

Max LTV %

80%

Product fee

£999

Product name

Fee Saver 95% Residential variable for 2 years

Initial rate

6.59%

Discount from SVR

1.60%

Overall cost for comparison

7.9% APRC

Max LTV %

95%

Product fee

£0

Product name

Fee Saver 80% Residential variable for 2 years

Initial rate

5.79%

Discount from SVR

2.40%

Overall cost for comparison

7.7% APRC

Max LTV %

80%

Product fee

£0

Product name

95% Residential variable for 2 years

Initial rate

6.24%

Discount from SVR

1.95%

Overall cost for comparison

8.0% APRC

Max LTV %

95%

Product fee

£999

Product name

100% Buy For University variable

Initial rate

6.19%

Discount from SVR

2.00%

Overall cost for comparison

7.4% APRC

Max LTV %

100%

Product fee

0

Product name

80% Buy For University variable

Initial rate

5.99%

Discount from SVR

2.20%

Overall cost for comparison

7.3% APRC

Max LTV %

80%

Product fee

0

Product name

Retirement mortgage (power of attorney) variable lifetime discount

Initial rate

5.99%

Discount from SVR

2.20%

Overall cost for comparison

6.2% APRC

Max LTV %

50%

Product fee

0

Product name

Retirement mortgage (non power of attorney) variable lifetime discount

Initial rate

6.49%

Discount from SVR

1.70%

Overall cost for comparison

6.7% APRC

Max LTV %

50%

Product fee

0

Product name

85% Rent A Room variable for 2 years

Initial rate

6.04%

Discount from SVR

2.15%

Overall cost for comparison

8.0% APRC

Max LTV %

85%

Product fee

£999

Fixed rate mortgages

The mortgages listed below move on to our Standard Variable Rate (SVR), 8.19% (variable) after the initial rate period. Please note from 1st January 2025 the SVR will be 7.99% (variable).

Product name

Residential fixed for 5 years

Initial rate

4.89%

Overall cost for comparison

6.8% APRC

Max LTV %

80%

Product fee

£999

Product name

95% Residential fixed for 5 years

Initial rate

5.39%

Overall cost for comparison

7.3% APRC

Max LTV %

95%

Product fee

£999

Product name

Residential fixed for 2 years

Initial rate

5.19%

Overall cost for comparison

7.4% APRC

Max LTV %

80%

Product fee

£999

Product name

95% Residential fixed for 2 years

Initial rate

5.89%

Overall cost for comparison

7.9% APRC

Max LTV %

95%

Product fee

£999

Product name

85% Rent A Room fixed for 2 years

Initial rate

5.69%

Overall cost for comparison

7.9% APRC

Max LTV %

85%

Product fee

£999

Product name

85% Rent A Room fixed for 5 years

Initial rate

5.39%

Overall cost for comparison

7.4% APRC

Max LTV %

85%

Product fee

£999

Useful stuff

Also in this section