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Found that perfect first home?

We'll find you the right first mortgage and support you through the home buying journey

First Time Buyers

Buying your first home is an exciting time but it can seem a daunting prospect if you have never taken out a mortgage before. You can rely on our friendly Mortgage Advisers to help find the mortgage that suits you best, guide you through the application process and answer any questions you may have.

We'll consider a range of family assisted options, including using a guarantor or taking a collateral charge on another property, that may help you buy your home. We offer a range of mortgage products available for First Time Buyers including our Low Deposit mortgages that only require a 5% deposit.

Our residential mortgages are available for properties located in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk. You can find out more about our mortgage eligibility here.

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First steps - Mortgage deposit

Mortgage deposit infographic image

The road to owning your first home starts with the mortgage deposit. Find out how small changes to your spending could help you become a first time buyer sooner than you think

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Watch Betsy’s story

Mortgage Campaign Jan 16

Betsy’s in the garden while mum and dad are packing up – they’re moving home. She’s trying to figure out why her snail is missing his shell, and is determined to find him the right home

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Our current Low Deposit Mortgages for First Time Buyers

Product name Initial rate Standard Variable Rate (SVR), currently The overall cost for comparison is Interest type Max LTV Fees Early repayment charge Representative example  
Low Deposit 2 Year Fixed Rate 3.64% 4.74% 4.7% APRC Fixed 95% Application fee: £199

Completion fee: £0
3% in year one
2% in year two

A mortgage of £163,237.00 payable over 29 years initially on a fixed rate for 2 years at 3.64% and then on our Standard Variable Rate of 4.74% for the remaining 27 years would require 24 monthly payments of £759.55 and 324 monthly payments of £857.41.

The total amount payable would be £296,229.04 made up of the loan amount plus interest (£132,768.04), an application fee of £199.00 and a mortgage funds release fee of £25.00.

This example assumes the mortgage funds release fee is added to the loan and that interest is charged on this fee over the mortgage term.

The overall cost for comparison is 4.7% APRC representative.

Find out more
Low Deposit 5 Year Fixed Rate 3.94% 4.74% 4.5% APRC Fixed 95% Application fee: £199

Completion fee: £0

5% in year one
4% in year two
3% in year three
2% in year four
1% in year five

A mortgage of £163,237.00 payable over 29 years initially on a fixed rate for 5 years at 3.94% and then on our Standard Variable Rate of 4.74% for the remaining 24 years would require 60 monthly payments of £787.15 and 288 monthly payments of £852.81.

The total amount payable would be £293,037.28 made up of the loan amount plus interest (£129,576.28), an application fee of £199.00 and a mortgage funds release fee of £25.00.

This example assumes the mortgage funds release fee is added to the loan and that interest is charged on this fee over the mortgage term.

The overall cost for comparison is 4.5% APRC representative.

Find out more
Low Deposit 2 Year Discounted Variable Rate 2.99%
(1.75% discount off our SVR)
4.74% 4.6% APRC Variable 95% Application Fee: £199

Completion Fee: £0
N/A

A mortgage of £163,237.00 payable over 29 years initially on a discounted variable rate for 2 years at 2.99% and then on our Standard Variable Rate of 4.74% for the remaining 27 years would require 24 monthly payments of £701.59 and 324 monthly payments of £853.50.

The total amount payable would be £293,571.16 made up of the loan amount plus interest (£130,110.16), an application fee of £199.00 and a mortgage funds release fee of £25.00.

This example assumes the mortgage funds release fee is added to the loan and that interest is charged on this fee over the mortgage term.

The overall cost for comparison is 4.6% APRC representative.

Find out more
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Fixed Rate Mortgages for First Time Buyers

Product name Initial rate Standard Variable Rate (SVR), currently The overall cost for comparison is Interest type Max LTV Fees Early repayment charge Representative example  
2 Year Fixed Rate 2.09% 4.74% 4.4% APRC Fixed 85% Application fee: £199

Completion fee: £800
3% in year one
2% in year two

A mortgage of £184,206.00 payable over 24 years initially on a fixed rate for 2 years at 2.09% and then on our Standard Variable Rate of 4.74% for the remaining 22 years would require 24 monthly payments of £817.03 and 264 monthly payments of £1,054.83.

The total amount payable would be £298,592.84 made up of the loan amount plus interest (£113,052.84), an application fee of £199.00, a completion fee of £800.00, a valuation fee of £310.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.4% APRC representative.

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2 Year Fixed Rate 2.49% 4.74% 4.5% APRC Fixed 90% Application fee: £199

Completion fee: £800
3% in year one
2% in year two

A mortgage of £178,060.00 payable over 28 years initially on a fixed rate for 2 years at 2.49% and then on our Standard Variable Rate of 4.74% for the remaining 26 years would require 24 monthly payments of £739.40 and 312 monthly payments of £947.00.

The total amount payable would be £313,683.60 made up of the loan amount plus interest (£134,324.60), an application fee of £199.00, a completion fee of £800.00, a valuation fee of £275.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.5% APRC representative.

Find out more
5 Year Fixed Rate 2.54% 4.74% 3.9% APRC Fixed 80% Application fee: £199

Completion fee: £800
5% in year one
4% in year two
3% in year three
2% in year four
1% in year five

A mortgage of £193,695.00 payable over 21 years initially on a fixed rate for 5 years at 2.54% and then on our Standard Variable Rate of 4.74% for the remaining 16 years would require 60 monthly payments of £996.01 and 192 monthly payments of £1,168.13.

The total amount payable would be £284,550.56 made up of the loan amount plus interest (£89,521.56), an application fee of £199.00, a completion fee of £800.00, a valuation fee of £310.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 3.9% APRC representative.

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5 Year Fixed Rate 2.84% 4.74% 4.2% APRC Fixed 85% Application fee: £199

Completion fee: £800
5% in year one
4% in year two
3% in year three
2% in year four
1% in year five

A mortgage of £196,848.00 payable over 28 years initially on a fixed rate for 5 years at 2.84% and then on our Standard Variable Rate of 4.74% for the remaining 23 years would require 60 monthly payments of £852.93 and 276 monthly payments of £1,028.82.

The total amount payable would be £335,639.12 made up of the loan amount plus interest (£137,457.12), an application fee of £199.00, a completion fee of £800.00, a valuation fee of £310.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.2% APRC representative.

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5 Year Fixed Rate 3.19% 4.74% 4.3% APRC Fixed 90% Application fee: £199

Completion fee: £800
5% in year one
4% in year two
3% in year three
2% in year four
1% in year five

A mortgage of £183,236.00 payable over 27 years initially on a fixed rate for 5 years at 3.19% and then on our Standard Variable Rate of 4.74% for the remaining 22 years would require 60 monthly payments of £847.45 and 264 monthly payments of £981.08.

The total amount payable would be £310,361.12 made up of the loan amount plus interest (£125,791.12), an application fee of £199.00, a completion fee of £800.00, a valuation fee of £310.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.3% APRC representative.

Find out more
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Variable Rate Mortgages for First Time Buyers

Product name Initial rate Standard Variable Rate (SVR), currently The overall cost for comparison is Interest type Max LTV Fees Early repayment charge Representative example  
2 Year Discounted Variable Rate 1.89%
(2.85% discount off our SVR)
4.74% 4.3% APRC Variable 85% Application fee: £199

Completion fee: £800
N/A

A mortgage of £243,768.00 payable over 24 years initially on a discounted variable rate for 2 years at 1.89% and then on our Standard Variable Rate of 4.74% for the remaining 22 years would require 24 monthly payments of £1,056.43 and 264 monthly payments of £1,392.01.

The total amount payable would be £393,393.96 made up of the loan amount plus interest (£148,251.96), an application fee of £199.00, a completion fee of £800.00, a valuation fee of £350.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.3% APRC representative.

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2 Year Discounted Variable Rate 2.19%
(2.55% discount off our SVR)
4.74% 4.5% APRC Variable 90% Application fee: £199

Completion fee: £800
N/A

A mortgage of £174,835.00 payable over 27 years initially on a discounted variable rate for 2 years at 2.19% and then on our Standard Variable Rate of 4.74% for the remaining 25 years would require 24 monthly payments of £718.17 and 300 monthly payments of £944.01.

The total amount payable would be £300,913.08 made up of the loan amount plus interest (£124,779.08), an application fee of £199.00, a completion fee of £800.00, a valuation fee of £275.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.5% APRC representative.

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Large Loan 2 Year Discounted Variable Rate 2.09%
(2.65% discount off our SVR)
4.74% 4.2% APRC Variable 80% Application fee: £499

Completion fee: £1,500
N/A

A mortgage of £1,000,000.00 payable over 18 years initially on a discounted variable rate for 2 years at 2.09% and then on our Standard Variable Rate of 4.74% for the remaining 16 years would require 24 monthly payments of £5,563.54 and 192 monthly payments of £6,747.27.

The total amount payable would be £1,430,259.80 made up of the loan amount plus interest (£427,475.80), an application fee of £499.00, a completion fee of £1,500.00, a valuation fee of £760.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.2% APRC representative.

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Cambridge Variable Mortgage 4.74% 4.74% 4.9% APRC Variable 80% Application fee: £199

Completion fee: £400
N/A

A mortgage of £165,602.00 payable over 17 years on our Standard Variable Rate of 4.74%  would require 204 monthly payments of £1,185.38

The total amount payable would be £242,291.52 made up of the loan amount plus interest (£75,790.52), an application fee of £199.00, a completion fee of £400.00, a valuation fee of £275.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.9% APRC representative.

Find out more
Cambridge Variable Mortgage 4.74% 4.74% 4.9% APRC Variable 85% Application fee: £199

Completion fee: £400
N/A

A mortgage of £165,602.00 payable over 17 years on our Standard Variable Rate of 4.74%  would require 204 monthly payments of £1,185.38

The total amount payable would be £242,291.52 made up of the loan amount plus interest (£75,790.52), an application fee of £199.00, a completion fee of £400.00, a valuation fee of £275.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.9% APRC representative.

Find out more
Cambridge Variable Mortgage 4.74% 4.74% 4.9% APRC Variable 90% Application fee: £199

Completion fee: £400
N/A

A mortgage of £165,602.00 payable over 17 years on our Standard Variable Rate of 4.74%  would require 204 monthly payments of £1,185.38

The total amount payable would be £242,291.52 made up of the loan amount plus interest (£75,790.52), an application fee of £199.00, a completion fee of £400.00, a valuation fee of £275.00 and a mortgage funds release fee of £25.00.

This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term.

The overall cost for comparison is 4.9% APRC representative.

Find out more

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE