First Time Buyer Mortgage In Manchester

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First Time Buyer 2 Year Fixed Rate - 5% Deposit »NatWest Mortgages

Call NatWest FREE on 0800 158 2934 

4.10%Reverts to 3.99% after 2 years


Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Compare latest first time buyer mortgages in Manchester - use our mortgage tables below to see a selection of market leading mortgage deals:

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

2.56%

Reverts to 3.99%

2

Years

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.79%

3

Years

90%

YesMore 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

2.91%

Reverts to 3.99%

2

Years

90%

NoMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

3.99%

Reverts to 3.99%

5

Years

90%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed

4.25%

Reverts to 4.79%

2

Years

95%

NoMore Info >
£300 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.70% APRC. This is the cost of the mortgage over the full term.
Fixed

4.25%

Reverts to 4.79%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.70% APRC. This is the cost of the mortgage over the full term.
Fixed

4.34%

Reverts to 4.79%

3

Years

95%

NoMore Info >
£300 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.70% APRC. This is the cost of the mortgage over the full term.
Fixed

4.10%

Reverts to 3.99%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed

4.10%

Reverts to 3.99%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed

4.54%

Reverts to 4.79%

3

Years

95%

NoMore Info >
£300 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.70% APRC. This is the cost of the mortgage over the full term.
Fixed

4.55

Reverts to 3.99%

5

Years

95%

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

4.55%

Reverts to 3.99%

5

Years

95%

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

1.94%

Reverts to 3.69%

2

Years

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

2.25%

Reverts to 4.79%

2

Years

90%

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

2.56%

Reverts to 3.99%

2

Years

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.79%

3

Years

90%

YesMore 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

2.91%

Reverts to 3.99%

2

Years

90%

NoMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.91%

Reverts to 3.99%

5

Years

90%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.
Fixed

3.72%

Reverts to 3.99%

5

Years

90%

NoMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.
Fixed

3.72%

Reverts to 3.99%

5

Years

90%

NoMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


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

Getting your first mortgage in Manchester 

In what is a fairly competitive mortgage market, it is highly advisable that you take the time to compare the first time buyer mortgage deals that may be on offer to you from a number of different banks and building societies.  This could ensure that you secure the best possible mortgage deal, which may save you a significant amount of money in the long-term.


It can be particularly difficult for a first time buyer to find an affordable mortgage deal.  However, there are a number of things that you could think about doing which could result in lenders offering you more favourable mortgage deals. For example:

  • Being able to prove that you have a reliable income and a good credit history
  • Regularly putting money into a savings account to demonstrate that you are good with money
  • Providing the lender with a relatively large deposit may grant you more favourable rates
  • Holding a current account the provider – as some banks will offer their customers preferential mortgage rates for their loyalty.

 

Affordability is one of the most important things to consider as you look for a first time buyer mortgage in Manchester.  It could therefore be sensible to work out exactly how much you could reasonably pay each month on your mortgage – remembering to take into account the long term costs as well as initial costs.  A mortgage calculator could be useful in helping you to assess the affordability of a mortgage.

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