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First Time Buyer?

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

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Found that perfect first home?

It's an exciting time, but searching for that all-important first time buyer mortgage can seem really daunting. Here at The Cambridge, you can rely on our friendly Mortgage Advisers to help answer your questions, find the mortgage that suits you best, and guide you through the application process. We'll be there every step of the way.

  • More than 160 years' experience
  • Expert knowledge from local advisers
  • Low deposit mortgage products
  • All mortgage applications are assessed individually
  • Online access to your mortgage
  • Personal assistance from start to finish, and beyond

The mortgage journey - what stage are you at?

We're happy to help even if you're just beginning to think about your future plans and want to know more about the home buying journey as a whole or you've got your deposit and are ready to apply.

I'm just thinking about buying a home

At this early stage you will probably have a lot of questions regarding how your personal circumstances may affect your ability to get a mortgage; perhaps you've just started a new job, or you're on a fixed-term contract and wonder if this will affect your chances of being approved for a mortgage. Or maybe you would like some advice on the various home ownership schemes available, such as shared ownership. Our friendly and knowledgeable team of Mortgage Advisers will be happy to answer your questions and help you find the information you need.

I'm saving for a deposit

Firstly, well done for your hard work and dedication; it will pay off in the end. And if you want some handy hints in relation to saving and budgeting, take a look at our fun infographic – some small spending cuts can make a big difference to how much you'll be able to save.

We can help you calculate how much you can afford to borrow according to how much deposit you have saved and by looking at your income and expenditure. If you've almost reached your savings target, you'll want to know what you need to do next in order to arrange a mortgage.

We can answer all your questions and provide you with the information you need to go ahead with your home buying aspirations.

I've got a deposit and I'm ready to find out more

If you want to know more about applying for a mortgage, the different mortgage products available, interest rates, repayment options and the property purchase fees you'll encounter on your journey to owning your own home, give us a call on 0345 601 3180. Or fill in our contact form on this page and we will call you back at a time that suits you. 

Our Mortgage Advisers will be happy to talk to you about your current circumstances and help you work out how much you can borrow based on the size of your deposit, your income and expenditure. 

First time buyer information hub

FTB hub images 306 x 200

From a jargon busting mortgage glossary to information on the different ways you can get on the property ladder, our mortgage guides are clear, concise and filled with useful information to help you on your journey to owning your first home. Don't forget to view our infographic for a light-hearted look at saving for a deposit.

 

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

Download

The journey to owning your home

Mortgage Infographic Journey Pod

See the mortgage journey from start to finish including finding a property, making your application, exchanging contracts and getting the keys

Find out more

Our mortgages

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 3 Year Fixed Rate 3.49% 4.74% 4.6% APRC Fixed 95% Application fee: £199

Completion fee: £0

3% in year one
2% in year two
1% in year three 

A mortgage of £218,545.00 payable over 30 years initially on a fixed rate for 3 years at 3.49% and then on our Standard Variable Rate of 4.74% for the remaining 27 years would require 36 monthly payments of £979.48 and 324 monthly payments of £1,124.78.

The total amount payable would be £399,889.00 made up of the loan amount plus interest (£181,120.00), 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
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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Our current 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 1.94% 4.74% 4.3% APRC Fixed 80% Application fee: £199

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

A mortgage of £219,836.00 payable over 20 years initially on a fixed rate for 2 years at 1.94% and then on our Standard Variable Rate of 4.74% for the remaining 18 years would require 24 monthly payments of £1,109.32 and 216 monthly payments of £1,392.02.

The total amount payable would be £327,849.00 made up of the loan amount plus interest (£106,639.00), 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.

Find out more
2 Year Fixed Rate 2.29% 4.74% 4.3% APRC Fixed 80% Application fee: £0

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

A mortgage of £202,565.00 payable over 20 years initially on a fixed rate for 2 years at 2.29% and then on our Standard Variable Rate of 4.74% for the remaining 18 years would require 24 monthly payments of £1,052.16 and 216 monthly payments of £1,281.92.

The total amount payable would be £302,496.56 made up of the loan amount plus interest (£99,556.56), a valuation fee of £350.00 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 4.3% APRC representative.
Find out more
2 Year Fixed Rate 2.39% 4.74% 4.5% APRC Fixed 90% Application fee: £199

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

A mortgage of £243,572.00 payable over 28 years initially on a fixed rate for 2 years at 2.39% and then on our Standard Variable Rate of 4.74% for the remaining 26 years would require 24 monthly payments of £997.72 and 312 monthly payments of £1,292.80.

The total amount payable would be £427,847.88 made up of the loan amount plus interest (£182,901.88), 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 4.5% APRC representative.

Find out more
2 Year Fixed Rate 2.74% 4.74% 4.5% APRC Fixed 90% Application fee: £0

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

A mortgage of £178,885.00 payable over 28 years initially on a fixed rate for 2 years at 2.74% and then on our Standard Variable Rate of 4.74% for the remaining 26 years would require 24 monthly payments of £762.61 and 312 monthly payments of £948.96.

The total amount payable would be £314,653.16 made up of the loan amount plus interest (£135,468.16), a valuation fee of £275.00 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
3 Year Fixed Rate 2.64% 4.74% 4.3% APRC Fixed 90% Application fee: £199

Completion fee: £0
3% in year one
2% in year two
1% in year three

A mortgage of £178,860.00 payable over 28 years initially on a fixed rate for 3 years at 2.64% and then on our Standard Variable Rate of 4.74% for the remaining 25 years would require 36 monthly payments of £753.21 and 300 monthly payments of £941.27.

The total amount payable would be £309,695.56 made up of the loan amount plus interest (£130,611.56), 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 4.3% APRC representative.

Find out more
5 Year Fixed Rate 2.39% 4.74% 3.6% 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 £187,175.00 payable over 17 years initially on a fixed rate for 5 years at 2.39% and then on our Standard Variable Rate of 4.74% for the remaining 12 years would require 60 monthly payments of £1,121.46 and 144 monthly payments of £1,279.00.

 

The total amount payable would be £251,972.60 made up of the loan amount plus interest (£63,463.60), 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 3.6% APRC representative.

Find out more
5 Year Fixed Rate 2.59% 4.74% 3.7% APRC Fixed 80% Application fee: £0

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 £188,000.00 payable over 17 years initially on a fixed rate for 5 years at 2.59% and then on our Standard Variable Rate of 4.74% for the remaining 12 years would require 60 monthly payments of £1,139.48 and 144 monthly payments of £1,284.87.

The total amount payable would be £253,700.08 made up of the loan amount plus interest (£65,365.08),  a valuation fee of £310.00 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 3.7% APRC representative.

Find out more
5 Year Fixed Rate 2.94% 4.74% 4.1% 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 £234,684.00 payable over 24 years initially on a fixed rate for 5 years at 2.94% and then on our Standard Variable Rate of 4.74% for the remaining 19 years would require 60 monthly payments of £1,139.92 and 228 monthly payments of £1,325.44.

 

The total amount payable would be £371,144.52 made up of the loan amount plus interest (£135,086.52), 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 4.1% APRC representative.

Find out more
5 Year Fixed Rate 3.14% 4.74% 4.2% APRC Fixed 90% Application fee: £0

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 £235,509.00 payable over 24 years initially on a fixed rate for 5 years at 3.14% and then on our Standard Variable Rate of 4.74% for the remaining 19 years would require 60 monthly payments of £1,164.36 and 228 monthly payments of £1,330.85.

The total amount payable would be £373,645.40 made up of the loan amount plus interest (£137,761.40),  a valuation fee of £350.00 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 4.2% APRC representative.

Find out more
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Our current 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% 4.4% APRC Variable 90% Application fee: £199

Completion fee: £800
N/A

A mortgage of £233,462.00 payable over 28 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 26 years would require 24 monthly payments of £898.00 and 312 monthly payments of £1,234.30.

The total amount payable would be £407,202.60 made up of the loan amount plus interest (£172,366.60), 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 4.4% APRC representative.

Find out more
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.

Find out more
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