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Mortgage Hotline - Call Us 0117 313 7780

What is your mortgage for?

 

1.74% - 5 Year Fixed 

  • Overall cost for comparison 3.20% APRC

Representative Example:Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 5 years after which reverts to Scottish Widows variable rate of 3.74%.

Call us for this special offer on 0117 313 7780

First Time Buyer Mortgage Calculator

Compare First Time Buyer Mortgage Rates - We compare all the leading first time buyer mortgage deals available in the UK market. See the tables below for a selection of leading current mortgage deals or use our FREE first time buyer mortgage calculator to find deals based on your requirements.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.99%
Rate type: Fixed Jan-2020
Monthly cost: £385.26 per month
Max LTV: 90%
Product fee: £1114.00
Overall cost for comparison: 3.6% APRC
Barclays Bank logo 1.99% Fixed Jan-2020 3.6% APRC 90% £1114.00 £385.26 per month get quotes Call direct0117 313 7780 More details
Initial rate: 2.06%
Rate type: Fixed Feb-2020
Monthly cost: £388.35 per month
Max LTV: 90%
Product fee: £1223.00
Overall cost for comparison: 3.6% APRC
NatWest logo 2.06% Fixed Feb-2020 3.6% APRC 90% £1223.00 £388.35 per month get quotes Call direct0800 158 2934 More details
Initial rate: 2.09%
Rate type: Fixed Jan-2020
Monthly cost: £389.70 per month
Max LTV: 90%
Product fee: £1564.00
Overall cost for comparison: 4.3% APRC
Yorkshire Bank logo 2.09% Fixed Jan-2020 4.3% APRC 90% £1564.00 £389.70 per month get quotes
Initial rate: 2.15%
Rate type: Fixed Jan-2020
Monthly cost: £389.80 per month
Max LTV: 90%
Product fee: £514.00
Overall cost for comparison: 3.5% APRC
Barclays Bank logo 2.15% Fixed Jan-2020 3.5% APRC 90% £514.00 £389.80 per month get quotes Call direct0117 313 7780 More details
Initial rate: 2.25%
Rate type: Fixed Mar-2020
Monthly cost: £396.86 per month
Max LTV: 90%
Product fee: £1157.00
Overall cost for comparison: 4.5% APRC
Virgin Money logo 2.25% Fixed Mar-2020 4.5% APRC 90% £1157.00 £500 cashback £396.86 per month get quotes Call direct0330 057 1528 More details
Initial rate: 2.25%
Rate type: Fixed Mar-2020
Monthly cost: £396.86 per month
Max LTV: 90%
Product fee: £1157.00
Overall cost for comparison: 4.5% APRC
Virgin Money logo 2.25% Fixed Mar-2020 4.5% APRC 90% £1157.00 £300 cashback £396.86 per month get quotes Call direct0330 057 1528 More details
Initial rate: 2.25%
Rate type: Fixed Jan-2020
Monthly cost: £392.52 per month
Max LTV: 90%
Product fee: £115.00
Overall cost for comparison: 3.5% APRC
Barclays Bank logo 2.25% Fixed Jan-2020 3.5% APRC 90% £115.00 £392.52 per month get quotes Call direct0117 313 7780 More details
Initial rate: 2.29%
Rate type: Fixed Jan-2020
Monthly cost: £394.30 per month
Max LTV: 90%
Product fee: £115.00
Overall cost for comparison: 3.5% APRC
Barclays Bank logo 2.29% Fixed Jan-2020 3.5% APRC 90% £115.00 £394.30 per month get quotes Call direct0117 313 7780 More details
Initial rate: 2.39%
Rate type: Fixed Jan-2020
Monthly cost: £403.21 per month
Max LTV: 90%
Product fee: £1564.00
Overall cost for comparison: 4.5% APRC
Yorkshire Bank logo 2.39% Fixed Jan-2020 4.5% APRC 90% £1564.00 £403.21 per month get quotes
Initial rate: 2.49%
Rate type: Fixed Jan-2020
Monthly cost: £403.30 per month
Max LTV: 90%
Product fee: £285.00
Overall cost for comparison: 4.3% APRC
Yorkshire Bank logo 2.49% Fixed Jan-2020 4.3% APRC 90% £285.00 £403.30 per month get quotes
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

First Time Buyer Mortgage Calculator

If you are thinking about buying your first home, one of the most important initial steps if to work out exactly how much you might be able to borrow. Before you get carried away browsing estate agents, it’s essential to have a realistic idea of your overall budget and stick to it when considering properties.

You can use our FREE first time buyer mortgage calculator, below, to help you find the best deal for you. Just enter a few simple details about your income, the deposit you have available and the rough value of the property you want to buy – and you can compare over 5,000 top mortgage deals instantly.

Points to consider when choosing your first mortgage

Buying your first property can be both daunting and exciting, and so it’s important to think carefully about the logistics of financing the purchase – after all, buying a home will probably be one of the biggest purchases you will ever make. Some things to think about as you browse through the various mortgage deals available include:

  • How big is your deposit? Due to the Government Help to Buy mortgages scheme it is now possible to obtain a mortgage with a deposit of as little as 5% of your chosen property’s value in some cases.  It’s a good idea to put down the biggest deposit you can afford without overstretching your finances, as this means that you will have a higher equity stake in the property from the outset, therefore potentially lowering your monthly mortgage repayments

  • How much can you realistically afford to repay each month? It can be tempting to overstretch your budget in order to get a dream property, but this could backfire if interest rates rise and you’re no longer able to afford your monthly repayments. Since April 2014, lenders are required to ‘stress-test’ your finances before offering you a mortgage deal, so 

To compare top mortgage interest rates and find the best mortgage deals for you, use the mortgage calculator to search over 5,000 mortgage deals based on your personal circumstances.

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