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Giving your first time buyers more borrowing power

First Start boosts the borrowing power of first time buyers, by combining their income with that of a sponsor. So together they can borrow more, responsibly. It's also available to buyers who have been out of the property market for a while, or who need to buy a property on their own, for example if their personal circumstances have changed.

A sponsor is a close relative, normally a parent or step parent of the applicant, who is added as a co-borrower.

First Start could be the ideal way for a sponsor to help their children or close relative buy a home. Using their income means they can help financially with the monthly repayments now, rather than later with something like an inheritance.

More borrowing power

  • First Start takes the sponsor’s income into account as well as the applicant’s – boosting the overall amount that can be borrowed
  • Together, the sponsor and applicant can borrow up to 85% of the value of the property. It’s available for purchases only on a repayment basis, up to £500,000. Check our criteria look up tool for full details
  • Both parties are co-borrowers, and are jointly and individually liable for the monthly mortgage repayments, as well as the total mortgage loan.

More sales opportunities

First Start could help more first time buyers onto the property ladder. It enables more conversations and more opportunities, giving you the power to reach more buyers.

More support

Take a look at our dedicated First Start material on the right hand side. You can access:

  • Our First Start affordability calculator so you can calculate your customers' affordability
  • A video and flyer for you, explaining First Start and how it works
  • A customer facing video and brochure you can show to your customers. 

And our experienced team of Business Development Managers are on hand to answer your queries on 0345 266 8928*.

These videos and guides will give you more information on how First Start could help your customers. Including a comparison of how much they can borrow as a single applicant or with a sponsor.

Ownership options for the sponsor

  • First Start allows the sponsor to choose whether to register as a joint owner of the property
  • They must get independent legal advice before completion if they choose not to be registered as a joint owner. Legal and financial advice is highly recommended even if they choose to be a joint owner
  • If the sponsor chooses to be a joint owner, they’ll be registered as a property owner at the Land Registry. An additional 3% stamp duty land tax is payable on second residential homes
  • We highly recommend independent financial, legal and tax advice is taken in all cases to understand any inheritance tax and capital gains tax implications.

View our support material on the right hand side or if you have any questions call our enquiry line on 0345 266 8928*.


More support

First Start broker flyer PDF download
First Start broker video Video
First Start customer brochure PDF download
First Start customer video Video

Planned maintenance


On Sunday 29th November, due to planned maintenance, our online application system will be unavailable between 8am to 12pm. There may also be intermittent periods of downtime throughout the day. We apologise for any inconvenience caused.