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First Time
Buyer Mortgages
Which4U compares a range of First Time Buyer mortgages that are specifically designed to accommodate those that are just getting onto the property market. Choose from a number of leading lenders and call the number provided for the latest rates.
Search Mortgages
Editors Choice - NatWest Mortgages - Call 0800 158 2940
NatWest offer a comprehensive range of fixed, tracker, off-set and buy-to-let mortgages. Call NatWest on 0800 158 2940 to discuss (Lines open Mon-Fri 8am-8pm & Sat 9am-4pm)
First Time Buyer Mortgages - Simply call the numbers to speak directly to the lenders listed below!
|
Lender |
Mortgage Name |
Initial Rate |
Subsequent Rate |
The Overall Cost for Comparison is |
Loan to Value |
Fees |
Get Quote |
|
|---|---|---|---|---|---|---|---|---|
 |
HSBC 2 Year Discount Special Fee Free Mortgage
|
3.84% (variable)
|
0.1% discount off Standard Variable Rate for 2 years
|
3.94% (variable)
|
4.00%
|
90%
|
No Application Fee
|
Call HSBC 0800 077 4255 Apply > |
 |
2 Year Fixed-Rate NewBuy Scheme Mortgage
|
4.79%
|
Fixed for 2 Years
|
4% (variable)
|
4.30%
|
95%
|
£499
|
Call NatWest 0800 158 2940 Apply > |
|
|
HSBC 5 Year Fixed Fee Free Mortgage
|
4.89% (variable)
|
fixed for 5 years
|
3.94% (variable)
|
4.40%
|
90%
|
No Application Fee
|
Call HSBC 0800 077 4255 Apply > |
 |
RBS 2 Year Fixed Mortgage
|
4.99%
|
Fixed for 2 Years
|
4% (variable)
|
4.40%
|
90%
|
£995
|
Call RBS 0800 068 7683 Apply > |
|
Existing RBS Customers Only
|
||||||||
 |
Post Office 2 Year Fixed Rate Mortgage
|
4.99%
|
Fixed for 2 Years
|
4.49% (variable)
|
4.80%
|
90%
|
£995
|
Call Post Office 0203 004 2012 Apply > |
|
|
Post Office 3 Year Fixed Rate Mortgage
|
5.29%
|
Fixed for 3 Years
|
4.49% (variable)
|
4.90%
|
90%
|
£995
|
Call Post Office 0203 004 2012 Apply > |
|
|
HSBC 2 Year Fixed Rate Mortgage
|
5.39%
|
Fixed for 2 Years
|
3.94% (variable)
|
4.30%
|
90%
|
No Application Fee
|
Call HSBC 0800 077 4255 Apply > |
|
|
HSBC 5 Year Fixed Fee Free Mortgage
|
5.39% (variable)
|
Fixed for 5 years
|
3.94% (variable)
|
4.60%
|
90%
|
No Application Fee
|
Call HSBC 0800 0774 253 Apply > |
|
|
Post Office 5 Year Fixed Rate Mortgage
|
5.49%
|
Fixed for 5 Years
|
4.49% (variable)
|
5.10%
|
90%
|
£995
|
Call Post Office 0203 004 2012 Apply > |
|
|
2 Year Fixed Rate Mortgage
|
5.59%
|
Fixed for 2 Years
|
4% (variable)
|
4.50%
|
90%
|
£999
|
Call NatWest 0800 158 2940 Apply > |
|
|
NatWest 5 Year First Time Buyer Fixed Rate Mortgage
|
6.29%
|
Fixed for 5 Years
|
4% (variable)
|
5.20%
|
90%
|
No Application Fee
|
Call NatWest 0800 158 2940 Apply > |
The rates and products displayed within these tables are updated on a regular basis however due to the dynamic nature of the market some product details and rates may be out of date. We therefore do not take any responsibility for the accuracy of the information supplied within the table although we will always make our best endeavour to ensure that the information provided is as accurate as possible. You should always check rates and terms with the product provider.
The telephone-based mortgage advice service is provided by London & Country Mortgages Ltd., Beazer House, Lower Bristol Road, Bath, BA2 3BA. London & Country Mortgages Ltd are authorised and regulated by the Financial Services Authority. Their FSA number is 143002.
First Time Buyer Mortgages - What You Need To Know
Buying your first property is one of the biggest financial steps that you can take, so it is important to make sure that you find the right one for you.
With so many first time buyer mortgages available to choose from, it can be confusing to a new buyer which one will provide the best deal for you. But it’s simply just a case of finding the right one for your personal circumstances.
Research
It is essential to do your research before settling for a mortgage, but even more so when it is your first purchase.
The main things that you need to consider when choosing a mortgage are; the interest rate that you will have to pay, the fees that you will be charged for taking out said mortgage and which mortgages you are actually eligible to take out.
The interest rate of any mortgage is important. The way that interest rates are set differs between the two major types of mortgage; fixed rate mortgages and tracker mortgages.
You can find more information about these two types of mortgages by clicking the above links.
Fees and Costs
Many mortgages will charge a fee for application, which will be a certain percentage of the whole loan. This is important to look out for as a great interest rate may cost you more than you think.
Another fee to look out for is the early redemption fee that you may find with some fixed rate mortgages. If you decide to cancel your mortgage before the end of the fixed rate period, you may be subject to a penalty worth up to six months worth of repayments.
Looking at the loan to value (LTV) of a first time buyer mortgage will help you to decide which one you are eligible to apply for. The LTV is the amount of money you can take out as a loan, against the equity of your property. The higher the equity, the higher LTV you can take out.
As always, we recommend that you seek professional advice if you are unsure which type of mortgage is right for you and that all of the information provided above is for use as an overview only and should not be the basis for your mortgage decision.
Latest First Time Buyers News 
-
House prices in the UK increased in February alongside the number of mortgage approvals, with both reaching a two-year high. The 0.6% rise in ...Fri 2nd Mar, 2012 -
The Nationwide House Price Index shows prices to have risen slightly in October, despite crumbling economic conditions for the housing market. ...Tue 29th Nov, 2011 -
New mortgage research data reveals some interesting insights into the current state of the market. Generally, the signs are positive. Figures ...Thu 10th Nov, 2011 -
The housing situation in Britain has received a boost after major lenders returned to the market with 90% mortgages. Lenders underwent a strict ...Mon 7th Nov, 2011 -
Research across the board shows promise for housing market activity - if mortgage lending will follow. The National Association of Estate Agents' ...Fri 28th Oct, 2011 -
People may wish to become a landlord by renting out a spare room, an expert has suggested. Landlords with buy-to-let home loan packages such as ...Mon 12th Sep, 2011
