First Homes Mortgages
Our First Home mortgage products are designed for properties purchased through the government's First Home scheme at a discount of between 30% and 50% of their open market value. These products are available for those who meet the scheme’s eligibility criteria, are First Time Buyers with a combined annual income of no more than £80,000 (£90,000 in Greater London) and where the price of the home after the discount is applied is no more than £250,000 (£420,000 in Greater London). A First Home should be the buyer’s only home, with their local authority determining eligibility.
You can apply over the phone to get an Approval in Principle.
The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage