Supporting our first time buyers

For 150 years, we've been helping people turn their dreams of homeownership into a reality. Our evolving product range is designed to meet the real needs of today’s first time buyers. Offering 95% LTV and up to 5.5x LTI on a minimum £30,000 household income, we can help your clients do more with their budget. Our application process is simple, with dedicated tools, support and contact options whenever you’re facing a challenge.

We don’t see a problem, we see an opportunity to help.

We consider a first time buyer as anyone who has not had a mortgage in the last three years. At least one applicant must meet this definition. If not, please take a look at our Fixed Rates for people remortgaging or home movers.

First Time Buyer

Key benefits

  • Only one applicant needs to be a first time buyer (defined as not having a mortgage in the last 3 years)

  • Loan to Income (LTI) of up to 5x their household income

  • Self-employed applicants welcome

  • Available up to 95% LTV - including New Build Houses

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge, unless otherwise stated

  • Standard Valuation Fee included

Key eligibility criteria

  • Have a minimum 5% deposit
  • Minimum £30,000 gross household income if their LTI is between 4.5 - 5.0x. For example, the first applicant could earn £17,000 and the second £13,000
  • Total Debt to income (mortgage and unsecured debt) of up to 5.5x or 5x household income if using more than 90% of max affordability
  • The range may offer 2, 3 or 5 year product options when
  • Capital and Interest Only

Income Plus

Key benefits

  • Only one applicant needs to be a first time buyer (defined as not having a mortgage in the last 3 years)

  • Loan to Income (LTI) of up to 5.5x their household income

  • Self-employed applicants welcome

  • Available up to 95% LTV - including New Build Houses

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge, unless otherwise stated

  • Standard Valuation Fee included

Key eligibility criteria

  • Have a minimum 5% deposit
  • Minimum £30,000 gross household income. For example, the first applicant could earn £17,000 and the second £13,000
  • Total Debt to income (mortgage and unsecured debt) of up to 5.75x or 5.5x household income if using more than 90% of max affordability
  • Fixed rate for a minimum period of 5 years
  • Capital and Interest Only

See potential for your client in these options?

Explore our range of tailored First Time Buyer Mortgages and take advantage of our exclusive rates.

Please note: