First Time Buyer Mortgages

Our First Time Buyer mortgages are designed to support clients taking their first step into home ownership, with options designed to suit a range of circumstances.

Key information about our First Time Buyer Mortgages

We class a first time buyer as anyone who hasn't had a mortgage in the last three years. For joint applications, at least one applicant must meet this definition. Otherwise, please see our fixed rates for remortgage and home mover clients.

Other products for first time buyers

Income Plus mortgages

Reach mortgages

AVAILABLE TO INTERMEDIARIES ONLY

First Time Buyer Only 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/07/2028Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
5.03% 7.74%7.4%65%£0
Max loan amount £2,000,000
4.89% 7.74%7.4%75%£999
Max loan amount £2,000,000
5.10% 7.74%7.4%75%£0
Max loan amount £2,000,000
5.14% 7.74%7.4%80%£0
Max loan amount £1,000,000
4.94% 7.74%7.4%85%£999
Max loan amount £1,000,000
5.19% 7.74%7.5%85%£0
Max loan amount £1,000,000
5.15% 7.74%7.5%90%£999
Max loan amount £700,000
5.30% 7.74%7.5%90%£0
Max loan amount £700,000
5.37% 7.74%7.5%95%£999
Max loan amount £600,000
5.59% 7.74%7.5%95%£0
Max loan amount £600,000
RATES CORRECT AS AT 27 april 2026

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.59% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 23 years would require 24 monthly payments of £1113.90 and 276 monthly payments of £1342.25.

The total amount payable would be £397,229.60 made up of the loan amount plus interest of £217,194.60 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 7.5% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Interest calculated daily
  • Free standard valuation up to £999.
  • These products are not available to interest only applications.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges may apply.
  • Only available to First Time Buyers.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • A mortgage exit fee of £199 will apply.

First Time Buyer Only 3 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/07/2029Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
5.30% 7.74%7.3%90%£0
Max loan amount £700,000
5.44% 7.74%7.4%95%£999
Max loan amount £600,000
5.70% 7.74%7.4%95%£0
Max loan amount £600,000
RATES CORRECT AS AT 27 april 2026

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 3 years at 5.70% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 22 years would require 36 monthly payments of £1125.79 and 264 monthly payments of £1335.83.

The total amount payable would be £393,222.56 made up of the loan amount plus interest of £213,187.56 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 7.4% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Interest calculated daily
  • Free standard valuation up to £999.
  • These products are not available to interest only applications.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges may apply.
  • Only available to First Time Buyers.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • A mortgage exit fee of £199 will apply.

First Time Buyer Only 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/07/2031Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
5.00% 7.74%6.7%75%£0
Max loan amount £2,000,000
5.05% 7.74%6.7%80%£0
Max loan amount £1,000,000
4.99% 7.74%6.8%85%£999
Max loan amount £1,000,000
5.09% 7.74%6.8%85%£0
Max loan amount £1,000,000
5.10% 7.74%6.8%90%£999
Max loan amount £700,000
5.14% 7.74%6.8%90%£0
Max loan amount £700,000
5.32% 7.74%6.9%95%£999
Max loan amount £600,000
5.42% 7.74%6.9%95%£0
Max loan amount £600,000
RATES CORRECT AS AT 27 april 2026

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.42% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 20 years would require 60 monthly payments of £1095.65 and 240 monthly payments of £1315.10.

The total amount payable would be £381,398.00 made up of the loan amount plus interest of £201,363.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 6.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Interest calculated daily
  • Free standard valuation up to £999.
  • These products are not available to interest only applications.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges may apply.
  • Only available to First Time Buyers.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • A mortgage exit fee of £199 will apply.

This information is designed for use by FCA authorised intermediaries only.

The words 'A 30k income is not nearly enough.' 'Nearly enough' is crossed outSupporting our first time buyers

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