Mortgages for First Time Buyers

We understand that buying a first home is a big milestone for your clients, and often a big challenge. That’s why we offer a range of flexible mortgage solutions to support first time buyers with everything from affordability to property type.

Higher LTVs for smaller deposits

We offer up to 95% LTV on our Standard Residential range, helping first time buyers with smaller deposits access the market.

• Fixed and variable rate options available
• Cashback and standard valuation fees paid by us on selected products
• Product switching available if rates improve before completion
• Offers valid for 6 months, with the option to extend by another 6 months (subject to reassessment and revaluation).

Explore our Residential products

First Start – Boost your clients’ borrowing power with the support of a sponsor

First Start is our Joint Borrower Sole Proprietor solution, allowing a sponsor to support the mortgage without being a co-owner of the property.

Ideal for first time buyer clients who:

• Wish to use the income of a sponsor (usually a parent or close relative) to increase their overall borrowing power
• Do not need the sponsor to be a joint owner of the property.

Key criteria:

• Up to 95% LTV
• Maximum loan: £500,000
• Applicants must earn £20,000+
• Sponsor must earn £30,000+ and be under 60 at application
• Applicants must not own another property at completion (excludes sponsor who is required to be a residential owner-occupier, living in the UK).

Find out more about First Start

New Build – Support for newly built homes

We understand that buying a new build comes with unique requirements. That’s why we offer:

• Up to 85% LTV for houses and 80% for flats
• Offers valid for 9 months (with potential 6-month extension)
• Builder incentives up to 5% accepted
• Soft credit footprint at AIP stage
• Valuation instructions issued from day one.

Explore our New Build service

Bespoke – For complex income or professional clients

Our Bespoke Residential range supports first time buyers who don’t meet standard criteria including:

• Clients with variable income using up to 100% additional income with a track record
• Clients with recent employment changes
• Newly self employed professionals (e.g. dentists, GPs, barristers)
• Self employed complex income.

Key criteria:

• High LTV lending up to 90%, including New Build
• Minimum loan amount £150,000
• Up to 5x income multiples available
• Minimum income (repayment): one applicant must earn £40,000
• Minimum income (Interest Only): £50,000 (sole applicant) or £75,000 (joint applicants)
• Alternative income evidence accepted (e.g. letters from accountants, employer letters confirming income history, SIPP statements, remittance slips, or Chambers certificates for Barristers)
• Up to 40 year term (maximum age of 80 years on repayment and 75 years on Interest Only/Part and Part).

Learn more about Bespoke