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First Time Buyer Mortgage Low Deposit

Best mortgage deals...

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

Call NatWest FREE on 0800 158 2934 

3.71%Reverts to 3.99% after 2 years

Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

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

Getting a first time buyer mortgage with a low deposit

Due to underlying market trends, it is currently much more difficult to find a low deposit mortgage for first time buyers, although not impossible. Fortunately, there are a number of different banks and building societies who could offer you competitive, low deposit mortgage deals.  To ensure that you find the best possible deal on your first time buyer mortgage, it may be a good idea to compare mortgages from a number of lenders before deciding which might be the best for you.

If you are looking for a first time buyer mortgage with a low deposit, you may find it quite hard to find a provider who would be willing to lend to you.  However, there are a number of options that you might have to find a low deposit first time buyer mortgage:

  • Certain lenders may be willing to offer up to 95% loan to value (LTV) to customers that open a particular savings account with them after having paid into this account for a designated period.
  • Some banks and building societies are also offering mortgages with an LTV of above 75% if a relative of the applicant is willing to act as a guarantor on amounts above this 75%.
  • Sharing a mortgage with a family member, partner or friend could also be an option if you don’t have a large deposit available.
  • You may also have access to the government Help to Buy scheme or NewBuy scheme, which may make getting on the property ladder for the first time considerably easier


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