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First-time buyer rates

We offer a range of award-winning mortgages, with our latest rates for first-time buyers

The rates below are available to first-time buyers. You'll be considered a first-time buyer if you've never owned a residential property in the UK, or anywhere else in the world and you intend for the property to be your main home. If you'd like to apply for a joint mortgage, both applicants must be first-time buyers.

It's worth considering what your Loan to Value (LTV) will be. Your LTV is the ratio between the amount of the loan you take out and the value of your property as a whole, as a percentage. 

A low LTV ratio is good news because the rates available are likely to be lower than higher LTV mortgages. For example, a £100,000 property with an £80,000 mortgage = an 80% LTV.

Fixed-rate mortgages

A fixed-rate mortgage means that your payments will stay the same until the end date of the fixed-rate period, even if interest rates change.

60% Maximum Loan to Value (LTV)

Mortgage Initial interest rate Followed by a Variable Rate, currently Initial interest rate period Overall cost for comparison (APRC) Booking fee Annual overpayment allowance Maximum loan amount  
2 Year Fixed Fee Saver

1.09%
fixed

3.54%

2 Years fixed rate until 30.11.23

3.2%
APRC

£0

10%

£ 5,000,000

Get a decision in principle
2 Year Fixed Standard

0.89%
fixed

3.54%

2 Years fixed rate until 30.11.23

3.2%
APRC

£999

10%

£ 5,000,000

Get a decision in principle
3 Year Fixed Fee Saver
1.19%
fixed
3.54%
3 Years fixed rate until 30.11.24
3.0%
APRC

£0
10%
£ 5,000,000
Get a decision in principle
3 Year Fixed Standard
0.99%
fixed
3.54%
3 Years fixed rate until 30.11.24
3.0%
APRC

£999
10%
£ 5,000,000
Get a decision in principle
5 Year Fixed Fee Saver

1.19%
fixed

3.54%

5 Years fixed rate until 30.11.26

2.7%
APRC

£0

10%

£ 5,000,000

Get a decision in principle
5 Year Fixed Standard

0.99%
fixed

3.54%

5 Years fixed rate until 30.11.26

2.6%
APRC

£999

10%

£ 5,000,000

Get a decision in principle
5 Year Fixed Premier Standard

0.96%
fixed

3.54%

5 Years fixed rate until 30.11.26

2.7%
APRC

£1499

10%

£ 5,000,000

Get a decision in principle

60% Maximum Loan to Value (LTV)

Mortgage 2 Year Fixed Fee Saver
Initial interest rate

1.09%
fixed

Followed by a Variable Rate, currently

3.54%

Initial interest rate period

2 Years fixed rate until 30.11.23

Overall cost for comparison (APRC) 3.2%
APRC
Booking fee

£0

Annual overpayment allowance

10%

Maximum loan amount

£ 5,000,000

  Get a decision in principle
Mortgage 2 Year Fixed Standard
Initial interest rate

0.89%
fixed

Followed by a Variable Rate, currently

3.54%

Initial interest rate period

2 Years fixed rate until 30.11.23

Overall cost for comparison (APRC) 3.2%
APRC

Booking fee

£999

Annual overpayment allowance

10%

Maximum loan amount

£ 5,000,000

  Get a decision in principle
Mortgage 3 Year Fixed Fee Saver
Initial interest rate 1.19%
fixed
Followed by a Variable Rate, currently 3.54%
Initial interest rate period 3 Years fixed rate until 30.11.24
Overall cost for comparison (APRC) 3.0%
APRC

Booking fee £0
Annual overpayment allowance 10%
Maximum loan amount £ 5,000,000
  Get a decision in principle
Mortgage 3 Year Fixed Standard
Initial interest rate 0.99%
fixed
Followed by a Variable Rate, currently 3.54%
Initial interest rate period 3 Years fixed rate until 30.11.24
Overall cost for comparison (APRC) 3.0%
APRC

Booking fee £999
Annual overpayment allowance 10%
Maximum loan amount £ 5,000,000
  Get a decision in principle
Mortgage 5 Year Fixed Fee Saver
Initial interest rate

1.19%
fixed

Followed by a Variable Rate, currently

3.54%

Initial interest rate period

5 Years fixed rate until 30.11.26

Overall cost for comparison (APRC) 2.7%
APRC
Booking fee

£0

Annual overpayment allowance

10%

Maximum loan amount

£ 5,000,000

  Get a decision in principle
Mortgage 5 Year Fixed Standard
Initial interest rate

0.99%
fixed

Followed by a Variable Rate, currently

3.54%

Initial interest rate period

5 Years fixed rate until 30.11.26

Overall cost for comparison (APRC) 2.6%
APRC
Booking fee

£999

Annual overpayment allowance

10%

Maximum loan amount

£ 5,000,000

  Get a decision in principle
Mortgage 5 Year Fixed Premier Standard
Initial interest rate

0.96%
fixed

Followed by a Variable Rate, currently

3.54%

Initial interest rate period

5 Years fixed rate until 30.11.26

Overall cost for comparison (APRC) 2.7%
APRC
Booking fee

£1499

Annual overpayment allowance

10%

Maximum loan amount

£ 5,000,000

  Get a decision in principle

Tracker mortgages

A tracker mortgage is a variable rate mortgage linked to the Bank of England base rate that rises or falls with it. This will affect your monthly repayments. Our tracker mortgages are available over a 2-year period.

60% Maximum Loan to Value (LTV)

Mortgage

Initial interest rate

Followed by a variable rate, currently

Initial interest rate period

Overall cost for comparison (APRC)

Booking fee

Maximum loan amount

 
2 Year Term Tracker Standard

1.39%
variable

3.54%

2 Years

3.3%
APRC

£999

£ 5,000,000

Get a decision in principle

60% Maximum Loan to Value (LTV)

Mortgage 2 Year Term Tracker Standard

Initial interest rate

1.39%
variable

Followed by a variable rate, currently

3.54%

Initial interest rate period

2 Years

Overall cost for comparison (APRC)

3.3%
APRC

Booking fee

£999

Maximum loan amount

£ 5,000,000

  Get a decision in principle

Representative example

A repayment mortgage of £163,500 payable over 28 years initially on a fixed rate for 2 years at 2.34% and then on our current variable rate of 3.54% (variable) for the remaining 26 years would require 24 monthly payments of £663.95 and 311 monthly payments of £761.15, plus one final payment of £760.00.

The total amount payable would be £253,707.45 made up of the loan amount plus interest (£89,912.45) and a solicitors fee of £295.

In this example, the overall cost for comparison is 3.40% APRC representative.

The above representative example is based on the highest APRC applicable to customers purchasing a property. Please note your actual costs and monthly repayments will vary.

Things to know

Ready to apply?

First, you'll need a Decision in Principle (sometimes called an Agreement in Principle), then you can apply for your mortgage.

Think carefully before securing other debts against your home.

Your home may be repossessed if you do not keep up repayments on your mortgage.

If you've started your application already, you can pick up where you left off or update it online at any time.

Need some guidance?

Give our dedicated mortgage specialists a call on:

Our lines are open Monday to Saturday 08:00 to 20:00, Sunday 09:00 to 18:00. We may monitor and record calls. Opening hours may vary.

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