Compare First Time Buyer Mortgages

First time buyer mortgages

		Mortgage Type Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years. Tracker: The interest rate rises and falls with the Bank of England base rate. Standard: The interest rate rises and falls with the provider’s standard interest rate (SVR). Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period. Buy to Let: For landlords purchasing a property for letting.	Initial Rate The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.	Initial Term The length of time that the initial interest rate applies to the mortgage.	Final Rate The interest rate that your mortgage will revert to after any introductory rates have finished.	APR This is the mortgage’s Annual Percentage Rate: the interest rate that you will be charged on your mortgage including all charges such as arrangement fees (also referred to as Cost For Comparison).	Loan to value The percentage of a property’s value for which the mortgage can be used. Example: 75% loan to value = 25% deposit.	Fee to Apply This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.
	HSBC 2yr 1.95% Discount LTV 60% Special Direct [Show Details]	Discount	1.99%	24	3.94%	3.80%	60%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 2yr 2.24% Fixed LTV 60% Special Direct [Show Details]	Fixed	2.24%	31/05/2014	3.94%	3.80%	60%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	NatWest 2yr BBR+1.85% LTV 60% Dir AdPt/Bus Ex/C no-ERC [Show Details]	Tracker	2.35%	31/03/2014	4.00%	4.00%	60%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Available for existing NatWest customers only.
	Royal Bank of Scotland 2yr BBR+1.85% LTV 60% "Black Account" Ex/C No ERC [Show Details]	Tracker	2.35%	31/03/2014	4.00%	4.00%	60%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	HSBC Lifetime BBR + 1.89% LTV 60% Special Direct [Show Details]	Tracker	2.39%	term	n/a	2.50%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	NatWest 2yr BBR + 1.95% LTV 60% Direct [Show Details]	Tracker	2.45%	31/03/2014	4.00%	4.00%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Royal Bank of Scotland 2yr BBR + 1.95% Tracker LTV 60% [Show Details]	Tracker	2.45%	31/03/2014	4.00%	4.00%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	HSBC Lifetime BBR + 1.99% LTV 60% Special Direct [Show Details]	Tracker	2.49%	term	n/a	2.50%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Post Office Ltd 2yr BBR + 1.99% Tracker LTV 65% [Show Details]	Tracker	2.49%	31/03/2014	4.49%	4.30%	65%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC Lifetime BBR + 2.09% LTV 70% Direct [Show Details]	Tracker	2.59%	term	n/a	2.70%	70%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 2.09% LTV 70% Ex/C Adv Dir [Show Details]	Tracker	2.59%	term	n/a	2.70%	70%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC Lifetime BBR + 2.09% LTV 70% Ex/C Prem Dir [Show Details]	Tracker	2.59%	term	n/a	2.70%	70%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Post Office Ltd 2yr BBR + 2.09% Tracker LTV 75% [Show Details]	Tracker	2.59%	31/03/2014	4.49%	4.30%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 2yr 2.73% Fixed BBR LTV 65% [Show Details]	Fixed	2.73%	31/03/2014	4.49%	4.30%	65%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Woolwich (Barclays) Openplan FM 2yr 2.84% Fixed BBR LTV 60% Lge Loan [Show Details]	Fixed	2.84%	31/05/2014	3.89%	4.00%	60%	£2499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £2000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 2yr BBR + 2.34% Tracker H/P C/B LTV 60% Direct [Show Details]	Tracker	2.84%	24 months	4.24%	4.10%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	NatWest 2yr 2.85% Fixed H/P LTV 60% Direct [Show Details]	Fixed	2.85%	31/03/2014	4.00%	4.10%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 158 2907
	Post Office Ltd 2yr 2.85% Fixed BBR LTV 75% [Show Details]	Fixed	2.85%	31/03/2014	4.49%	4.40%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Royal Bank of Scotland 2yr 2.85% Fixed H/P LTV 60% Direct [Show Details]	Fixed	2.85%	31/03/2014	4.00%	4.10%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 068 7678
	NatWest 2yr BBR + 2.35% LTV 60% Direct Fee Free [Show Details]	Tracker	2.85%	31/03/2014	4.00%	4.00%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Royal Bank of Scotland 2yr BBR + 2.35% Tracker LTV 60% No Fee [Show Details]	Tracker	2.85%	31/03/2014	4.00%	4.00%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	Royal Bank of Scotland 2yr 2.89% Fxd H/P LTV 60% "Main A/C" Ex/C Dir [Show Details]	Fixed	2.89%	31/03/2014	4.00%	4.00%	60%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	Santander UK plc 2yr 2.89% Fixed H/P C/B LTV 60% Direct [Show Details]	Fixed	2.89%	02/04/2014	4.24%	4.20%	60%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	HSBC Lifetime BBR + 2.39% LTV 70% Direct [Show Details]	Tracker	2.89%	term	n/a	2.90%	70%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	NatWest 2yr BBR + 2.39% LTV 75% Direct [Show Details]	Tracker	2.89%	31/03/2014	4.00%	4.00%	75%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Royal Bank of Scotland 2yr BBR + 2.39% Tracker LTV 75% [Show Details]	Tracker	2.89%	31/03/2014	4.00%	4.00%	75%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	Post Office Ltd 3yr 2.95% Fixed BBR LTV 65% [Show Details]	Fixed	2.95%	31/03/2015	4.49%	4.30%	65%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC 2yr 2.99% Fixed LTV 70% Direct [Show Details]	Fixed	2.99%	31/05/2014	3.94%	3.90%	70%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 2yr 2.99% Fxd LTV 70% Ex/C Advanced Direct [Show Details]	Fixed	2.99%	31/05/2014	3.94%	3.90%	70%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC 2yr 2.99% Fxd LTV 70% Ex/C Premier Direct [Show Details]	Fixed	2.99%	31/05/2014	3.94%	3.90%	70%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Post Office Ltd 2yr 2.99% Fixed BBR LTV 65% Fee Assist [Show Details]	Fixed	2.99%	31/03/2014	4.49%	4.30%	65%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 3yr 2.99% Fixed BBR LTV 75% [Show Details]	Fixed	2.99%	31/03/2015	4.49%	4.30%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC Lifetime BBR + 2.49% LTV 80% Direct [Show Details]	Tracker	2.99%	term	n/a	3.10%	80%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 2.49% LTV 80% Ex/C Adv Dir [Show Details]	Tracker	2.99%	term	n/a	3.10%	80%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC Lifetime BBR + 2.49% LTV 80% Ex/C Prem Dir [Show Details]	Tracker	2.99%	term	n/a	3.10%	80%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.49% Offset LTV 70% [Show Details]	Tracker	2.99%	31/05/2014	3.89%	3.90%	70%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 2yr BBR + 2.54% Tracker H/P C/B LTV 75% Direct [Show Details]	Tracker	3.04%	24 months	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	NatWest 2yr 3.09% Fixed H/P LTV 75% Direct [Show Details]	Fixed	3.09%	31/03/2014	4.00%	4.10%	75%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 158 2907
	Post Office Ltd 2yr 3.09% Fixed BBR LTV 65% No Fee [Show Details]	Fixed	3.09%	31/03/2014	4.49%	4.30%	65%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Royal Bank of Scotland 2yr 3.09% Fixed H/P LTV 75% Direct [Show Details]	Fixed	3.09%	31/03/2014	4.00%	4.10%	75%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 068 7678
	Woolwich (Barclays) Openplan FM 2yr 3.09% Fixed BBR LTV 60% [Show Details]	Fixed	3.09%	31/05/2014	3.89%	3.90%	60%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	NatWest 2yr 3.15% Fixed H/P LTV 60% Direct No Fee [Show Details]	Fixed	3.15%	31/03/2014	4.00%	4.00%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 158 2907
	Post Office Ltd 2yr 3.15% Fixed BBR LTV 75% Fee Assist [Show Details]	Fixed	3.15%	31/03/2014	4.49%	4.40%	75%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 3yr 3.15% Fixed BBR LTV 65% No Fee [Show Details]	Fixed	3.15%	31/03/2015	4.49%	4.20%	65%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Royal Bank of Scotland 2yr 3.15% Fixed H/P LTV 60% Direct No Fee [Show Details]	Fixed	3.15%	31/03/2014	4.00%	4.00%	60%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 40% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 068 7678
	Post Office Ltd 3yr 3.19% Fixed BBR LTV 65% Fee Assist [Show Details]	Fixed	3.19%	31/03/2015	4.49%	4.30%	65%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Santander UK plc 2yr 3.19% Fixed H/P C/B LTV 75% Direct [Show Details]	Fixed	3.19%	02/04/2014	4.24%	4.20%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	NatWest 2yr BBR + 2.69% LTV 75% Direct Fee Free [Show Details]	Tracker	3.19%	31/03/2014	4.00%	4.00%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Post Office Ltd 2yr BBR + 2.69% Tracker LTV 80% [Show Details]	Tracker	3.19%	31/03/2014	4.49%	4.40%	80%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 20% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Royal Bank of Scotland 2yr BBR + 2.69% Tracker LTV 75% No Fee [Show Details]	Tracker	3.19%	31/03/2014	4.00%	4.00%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

First time buyer mortgages

When you're looking to take your first step onto the property ladder that first rung can seem pretty high up. Luckily, there's a range of mortgages deals out there specifically designed to help first time buyers.

The interest rates you'll face could be a little higher than other mortgages on the market. But the trade-off is that you can get a much higher loan-to-value ratio, meaning you won't need as much deposit. You can sometimes find a bank where you need as little as five per cent upfront and on occasion a lender will come up with a deal where you need no deposit at all. These are rare though.

You may be able to negotiate a better interest rate or secure a bigger loan-to-value ratio if you have a guarantor, such as a parent, who will cover your mortgage payments if you can't afford to pay.

Like with all mortgages, you can get fixed, variable and tracker interest rates as a first time buyer. Most often, you'll start off locked in on a fixed rate for the first two to five years and then revert to a variable rate thereafter. At that point, you can choose to seek a new fixed deal or stay put.

It is important to take the arrangement fee into consideration when weighing up the market. If it's high, you may end up paying more in total over the initial period of your deal.

For more information on first time buyer mortgages, read our in-depth guide to getting on the property ladder.

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