First time buyers

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Buying your first home can be one of the most exciting times of your life. We know there are lots of things to think about, but with over 25,000 mortgages arranged last year, a 91% customer satisfaction rating and over 130 years’ experience helping first time buyers get on the property ladder, you can rest assured you’re in safe hands with Leeds Building Society.*

Our wide range of products are specifically designed to help first time buyers get their perfect starter home. This includes up to 95% loan to value mortgages, shared ownership deals, fees-assisted deals and shared equity deals. Our Welcome mortgages are also designed specifically to make it easier for first time buyers to not just move, but improve, too, with 0% interest for the first few months. Don’t forget to check the terms for each of the products for any fees and charges that might apply, together with any restrictions.

To make life easy, and unless otherwise stated within the product pages, you can apply online**, in branch or over the phone.

*Data collected from 600 respondants between July & Sept 2013 by Explain Market Research Limited on behalf of Leeds Building Society.

**If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. You will not benefit from the protections offered by an advised service. This is called an execution only transaction. If you would like to receive advice from us please call into one of our branches (find a branch) or contact us on 08450 50 50 62.

Mortgages for first time buyers

  • Mortgages up to 95% LTV

    For most first time buyers, saving for a deposit can be daunting. Our 95% mortgages offer up to 95% loan to value (LTV) to help you get your foot on the ladder. We have a range of products, including fixed rate and variable rate deals so you can choose what suits you best.

    Features include:

    • minimum deposits start from 5%
    • option for fixed or variable rates
    View products
  • Shared ownership

    Purchasing a shared ownership property means part buying, part renting your property. You’ll only be buying a share of your property at first, and pay rent to a housing association or landlord for the rest. And, you only need to pay a deposit on the part of the property you are initially buying, keeping things as affordable as possible for your first home.

    Features include:

    • lower initial deposit required
    • option to buy more shares as and when you can afford to
    • online or telephone applications only
    View products
  • Shared equity

    With one of our shared equity mortgages you will own 100% of your home, but only pay a percentage of the full open market purchase price. The balance of the purchase price is provided by an equity sharing lender. Your legal advisor will need to confirm that our shared equity requirements are met when you apply.

    Features include:

    • lower initial deposit required
    View products
  • Welcome Mortgages

    Our unique Welcome mortgage offers 0% interest for the first 3 or 6 months, to help you get onto the property ladder and still have money left for those improvements. Your remaining payments will be at a fixed rate for 2, 3 or 5 years, after which your mortgage switches to our SVR.

    Features include:

    • no interest for up to 6 months
    • 2, 3 or 5 year fixed rates available, after which your mortgage switches to our SVR for the remaining term
    • this product is only available for house purchases and must be applied for on a repayment basis
    View products
  • Still need help?

    If you are still unsure which mortgage is best for you, call our mortgage helpline on

    08450 50 50 75