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First time buyers

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Your property could be repossessed if you don't keep up your mortgage repayments.

Buying your first home can be one of the most exciting times of your life. With mortgages supplied to over 26,250 members in 2020, a 93% customer satisfaction rating* and over 140 years’ experience helping first time buyers get on the property ladder, you can rest assured you’re in safe hands with us.

Our products are designed to help first time buyers get their perfect home. This includes up to 95% loan to value (LTV) mortgages, shared ownership deals, fees-assisted deals and shared equity deals.

Get a first time buyer Boost

Help make your home ownership hopes a reality with Experian Boost. Experian Boost allows you to potentially improve your credit score by taking into account payments such as streaming services and council tax. You can then use this ‘boosted’ credit score in your mortgage application with us.

>Sign up for Experian Boost

Our Mortgages

  • With one of our Fixed Rate mortgages, your monthly repayments will stay the same during the fixed term period. If interest rates go up, you won’t be affected as your rate is fixed between 2 and 10 years, but you also won’t benefit if rates go down.

    Features include:

    • A deposit of at least 5% is required
    • Fixed monthly payments during the fixed term
    View our Fixed Rate Mortgages

  • Our First Homes mortgages are for properties purchased through the First Home scheme. Properties are purchased at a discount of between 30% and 50% of their open market value. This is 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).

    Features include:

    • Discounts of up to 50%
    • “No fee” products
    View our First Home Mortgages

  • 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 our Shared Ownership Mortgages

  • 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 adviser will need to confirm that our shared equity requirements are met when you apply.

    Features include:

    • lower initial deposit required
    View our Shared Equity Mortgages

Other options for you

Take a look at our other mortgages for first time buyers. We have a wide range available to help you get your perfect starter home.

View all mortgages

Find out about applying for a mortgage

If you apply online, you won't get advice from us. You'll need to make your own choice about which mortgage is suitable for you.

If you’d prefer to get some advice, you can book a telephone appointment or call us on 03450 50 50 75. They’ll advise you on which mortgage is suitable for you based on your needs and circumstances.

*Overall member satisfaction in a survey of 3,391 members from January to December 2020, a survey carried out by Leeds Building Society.

    Existing Customers

    New Customers

    Forms & Documents

    Best Shared Ownership Mortgage lender nine years running. What Mortgage Awards 2024 winnerView our awards