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Mortgage & Equity Release - Call Us 0117 403 4474

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First Time Buyer Mortgages

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 3.23%
Rate type: Fixed Jun-2023
Monthly cost: £1317.74 per month
Max LTV: 90%
Product fee: £1025.00
Overall cost for comparison: 3.7% APRC
NatWest logo 3.23% Fixed Jun-2023 3.7% APRC 90% £1025.00 £250 cashback £1317.74 per month get quotes Call direct0800 068 8567 More details
Initial rate: 3.24%
Rate type: Fixed Jul-2023
Monthly cost: £1319.17 per month
Max LTV: 90%
Product fee: £1300.00
Overall cost for comparison: 4.2% APRC
Virgin Money logo 3.24% Fixed Jul-2023 4.2% APRC 90% £1300.00 £500 cashback £1319.17 per month get quotes Call direct0330 057 1528 More details
Initial rate: 3.24%
Rate type: Fixed Jul-2023
Monthly cost: £1319.17 per month
Max LTV: 90%
Product fee: £1300.00
Overall cost for comparison: 4.2% APRC
Virgin Money logo 3.24% Fixed Jul-2023 4.2% APRC 90% £1300.00 £300 cashback £1319.17 per month get quotes Call direct0330 057 1528 More details
Initial rate: 3.29%
Rate type: Fixed Jul-2023
Monthly cost: £1326.34 per month
Max LTV: 90%
Product fee: £1300.00
Overall cost for comparison: 4.2% APRC
Virgin Money logo 3.29% Fixed Jul-2023 4.2% APRC 90% £1300.00 £1000 cashback £1326.34 per month get quotes Call direct0330 057 1528 More details
Initial rate: 3.39%
Rate type: Fixed Jul-2023
Monthly cost: £1335.81 per month
Max LTV: 90%
Product fee: £305.00
Overall cost for comparison: 4.1% APRC
Virgin Money logo 3.39% Fixed Jul-2023 4.1% APRC 90% £305.00 £500 cashback £1335.81 per month get quotes Call direct0330 057 1528 More details
Initial rate: 3.39%
Rate type: Fixed Jul-2023
Monthly cost: £1335.81 per month
Max LTV: 90%
Product fee: £305.00
Overall cost for comparison: 4.1% APRC
Virgin Money logo 3.39% Fixed Jul-2023 4.1% APRC 90% £305.00 £300 cashback £1335.81 per month get quotes Call direct0330 057 1528 More details
Initial rate: 3.41%
Rate type: Fixed Jul-2026
Monthly cost: £1343.62 per month
Max LTV: 90%
Product fee: £1300.00
Overall cost for comparison: 4% APRC
Virgin Money logo 3.41% Fixed Jul-2026 4% APRC 90% £1300.00 £500 cashback £1343.62 per month get quotes Call direct0330 057 1528 More details
Initial rate: 3.41%
Rate type: Fixed Jul-2026
Monthly cost: £1343.62 per month
Max LTV: 90%
Product fee: £1300.00
Overall cost for comparison: 4% APRC
Virgin Money logo 3.41% Fixed Jul-2026 4% APRC 90% £1300.00 £300 cashback £1343.62 per month get quotes Call direct0330 057 1528 More details
Initial rate: 3.44%
Rate type: Fixed Jun-2026
Monthly cost: £1347.96 per month
Max LTV: 90%
Product fee: £1025.00
Overall cost for comparison: 3.7% APRC
NatWest logo 3.44% Fixed Jun-2026 3.7% APRC 90% £1025.00 £250 cashback £1347.96 per month get quotes Call direct0800 068 8567 More details
Initial rate: 3.48%
Rate type: Fixed Jun-2023
Monthly cost: £1348.79 per month
Max LTV: 90%
Product fee: £30.00
Overall cost for comparison: 3.7% APRC
NatWest logo 3.48% Fixed Jun-2023 3.7% APRC 90% £30.00 £1348.79 per month get quotes Call direct0800 068 8567 More details
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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 Mortgages

Get A Great First Time Buyer Deal!

The good news is that as a first time buyer there are some great deals if you are looking to get on the housing adder for the first time.

How much can I borrow?

In calculating how much you can borrow the lender will apply a maximum amount you can borrow called the loan to value of the property (LTV).

During the pandemic most lenders have reduced the maximum loan to value on their mortgage ranges. Most are at 90% LTV or lower.

A few offer mortgages at 95% LTV but you will find that interest rates have been hiked up to reflect this.

For more information on FTB mortgages call 0117 403 4474