Best Mortgages for First Time Buyers

Compare Best Mortgages for First Time Buyers

Latest Deal - NatWest 2 Year Fixed Rate »

Call FREE - 0800 158 2934 

3.69%Reverts to 3.75% after 2 years
  • 2 Year Fixed - 95% LTV Deal (5% Deposit Required)
  • Call FREE - 0800 158 2934


Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Compare latest best mortgages for first time buyers - use our mortgage tables below to see a selection of market leading mortgage deals - alternatively if you need advice - call our independent mortgage team on 0117 332 6063.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

2.59%

Reverts to 4.70%

2

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

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

The above mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

Help To Buy Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

3.69%

Reverts to 3.75%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

3.69%

Reverts to 3.75%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

3.89%

Reverts to 4.24%

2

Years

95%

NoMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

3.99%

Reverts to 4.70%

3

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.
Fixed

3.99%

Reverts to 4.70%

3

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

4.15%

Reverts to 4.24%

3

Years

95%

NoMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

4.59%

Reverts to 4.00%

5

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.
Fixed

4.59%

Reverts to 3.75%

5

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

4.28%

Reverts to 4.24%

5

Years

95%

NoMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

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

The above help to buy mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

Compare Mortgage Deals For First Time Buyers

 

For first time buyers finding the best mortgage deal to suit your circumstances is of the utmost importance, as buying property is probably one of the largest investments you will ever make.

To help get the best price on your first mortgage, it is always advisable to shop around using mortgage comparisons as much as possible. There are also a variety of different mortgage deals for first time buyers that may be available depending on the circumstances. The following are some examples of the different interest rate deals that exist:

 

  • Fixed Rate Deals that provide first time buyers with interest rates that are guaranteed to remain the same for the duration of the agreed period.
  • Tracker Rate Deals that have their interest rates set according to the Bank of England’s base rate.
  • Discount Mortgages may provide customers with a tax free lump sum at the start of the period, although customers should be wary of higher interest at a later date

Please see our table above for mortgage comparisons on the different deals available. Before searching for an appropriate interest rate deal, it is also advisable to carefully consider your repayment options - Repayment vs Interest Only.


Repayment mortgages are generally seen the most popular and ‘secure’ type of mortgage agreement, although are initially more expensive compared with interest only mortgages.
Using this type of agreement, customers will be expected to repay the initial loan on a monthly basis with interest included on top, until entire loan has been repaid in full. The more that is paid off, the less that the interest rates will affect the cost of repayments.
Using interest only agreements, first time buyers will only be expected to repay the interest on their mortgage, and not the initial loan until the mortgage period has ended.
Because of this, monthly repayments for this type of mortgage are less compared with a repayment agreement. However it is important that a funding plan is put in place to ensure the mortgage is repaid at the term end.

 

Shop around to find the best mortgages for first time buyers and get the mortgage that suits your needs and circumstances.


Finding the best mortgage for first time buyers may seem like a tricky task for inexperienced borrowers, a mortgage is after all an important financial commitment that is not without its risks. In order to find a deal that is best suited to the customers individual requirements, it is always advisable to conduct appropriate research by comparing mortgages deals from different lenders.

 

Realistically, there probably is no ‘best’ mortgage for first time buyers, as finding an appropriate mortgage may depend on a variety of different factors. The best deal for one person may not be entirely suitable for another, first time buyers should consider:

  • Their savings and how much they can realistically spend
  • The required deposit
  • The current financial climate
  • Their choice of mortgage
  • The various different types interest rate deals

 

If you are searching for a suitable first time buyer mortgage, you may wish to see our mortgage comparisons tables above for more information on the various offers that are available. 

 

Broadly speaking, all mortgages are generally divided into two separate categories, known as repayment and interest only.

 

Using an interest only mortgage, the borrower will be expected to regularly repay the interest on their loan for a set period of time until the end of the mortgage agreement. After a set period of time, the customer will also eventually be expected to repay the entire loan, usually after having saved money using a suitable investment vehicle over a number of years.

 

Generally speaking, the lender will expect the borrower to use a suitable investment vehicle that will allow them to make this payment at the end of the mortgage.

 

Using a repayment mortgage, customers are essentially expected to gradually pay off the entire loan plus interest over a number of years until the debt has been completely repaid. The advantage of this type of mortgage compared to a repayment mortgage is that customers will not have any large payments to make at the end of their mortgage.

Independent Mortgage Quotes & Advice Service
Mortgage ServiceIndependent Mortgage AdviceMortgage Quotes Tailored to youFast Track ServiceMortgage Protection ReviewGet Quotes
yesyesyesyesMore Info >

Call 0117 332 6063

to speak to the Fair Mortgages team.

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

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker