Compare First Time Buyer Mortgages
Compare our selection of mortgage deals in the table below. Whether you are looking for a first-time mortgage, a remortgage or a buy to let mortgage we provide you with an independent service to help you find the right mortgage. We have access to thousands of mortgages from all major UK lenders. Send us an enquiry or call us on 01274 271 599 for free mortgage advice. Our qualified advisers will make sure you are eligible for any deal before you apply and will provide expert support through the entire process.
First Time Buyer Mortgages
Monmouthshire Building Society 2 Year Discounted
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.24% for 2 years | £2,741 | 4.9% overall cost | £349.05 for 24 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £522.95 p/m) for 276 months. Total amount payable £155,452. Fees total £2,741. Fees are assumed to be paid up front and are not included in the amount borrowed.
Monmouthshire Building Society 2 Year Discounted
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
|
1.24% for 2 years | £2,741 | 4.9% overall cost | £349.05 for 24 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.69%, costing £546.64 p/m) for 276 months. Total amount payable £159,806. Fees total £203. Fees are assumed to be paid up front and are not included in the amount borrowed.
Nationwide 2 Year Tracker
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.44% for 2 years | £1,084 | 3.9% overall cost | £357.41 for 24 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £476.60 p/m) for 276 months. Total amount payable £141,203 Fees total £1,084. Fees are assumed to be paid up front and are not included in the amount borrowed.
Barclays 2 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.58% for 2 years | £1,114 | 4.0% overall cost | £363.34 for 24 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £477.18 p/m) for 276 months. Total amount payable £141,537. Fees total £1,114. Fees are assumed to be paid up front and are not included in the amount borrowed.
HSBC 5 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.92% for 5 years | £1,499 | 3.40% overall cost | £377.97 for 60 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.19%, costing £463.04 p/m) for 240 months. Total amount payable £135,186.66. Fees total £1,499. Fees are assumed to be paid up front and are not included in the amount borrowed.
Leeds Building Society 2 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.44% for 2 years | £2,353 | 5.3% overall cost | £357.41 for 24 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.69%, costing £545.92 p/m) for 276 months. Total amount payable £161,605. Fees total £2,353. Fees are assumed to be paid up front and are not included in the amount borrowed
HSBC 2 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
|
1.54% for 2 years | £1,029 | 3.9% overall cost | £361.64 for 24 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.19%, costing £474.71 p/m) for 276 months. Total amount payable £140,729. Fees total £1,029. Fees are assumed to be paid up front and are not included in the amount borrowed.
TSB 2 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.64% for 2 years | £1,030 | 4.0% overall cost | £365.89 for 24 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £477.43 p/m) for 276 months. Total amount payable £141,583. Fees total £1,030. Fees are assumed to be paid up front and are not included in the amount borrowed.
Barclays 5 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.99% for 2 years | £1,240 | 3.5% overall cost | £381.03 for 60 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £466.44 p/m) for 240 months. Total amount payable £136,048. Fees total £1,240. Fees are assumed to be paid up front and are not included in the amount borrowed.
Metro Bank 5 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.99% for 5 years | £959 | 3.5% overall cost | £381.03 for 60 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.25%, costing £466.84 p/m) for 240 months. Total amount payable £135,863. Fees total £959. Fees are assumed to be paid up front and are not included in the amount borrowed.
Nationwide 5 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
|
2.09% for 5 years | £1,259 | 3.6% overall cost | £385.42 for 60 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £467.43 p/m) for 240 months. Total amount payable £136,567. Fees total £1,259. Fees are assumed to be paid up front and are not included in the amount borrowed.
Natwest 5 Year Fixed
| Provider | Initial Rate | Fees | APRC | Monthly Payment | Action |
|---|---|---|---|---|---|
 |
1.99% for 5 years | £1,273 | 3.5% overall cost | £381.03 for 60 months | Send Enquiry |
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £466.44 p/m) for 240 months. Total amount payable £136,081. Fees total £1,273. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Monmouthshire Building Society 2 Year Discounted Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £522.95 p/m) for 276 months. Total amount payable £155,452. Fees total £2,741. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Leek United Building Society 2 Year Discounted Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.69%, costing £546.64 p/m) for 276 months. Total amount payable £159,806. Fees total £203. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Nationwide 2 Year Tracker Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £476.60 p/m) for 276 months. Total amount payable £141,203 Fees total £1,084. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Barclays 2 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £477.18 p/m) for 276 months. Total amount payable £141,537. Fees total £1,114. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
HSBC 5 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.19%, costing £463.04 p/m) for 240 months. Total amount payable £135,186.66. Fees total £1,499. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Leeds Building Society 2 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.69%, costing £545.92 p/m) for 276 months. Total amount payable £161,605. Fees total £2,353. Fees are assumed to be paid up front and are not included in the amount borrowed
| Provider | Details |
|---|---|
|
HSBC 2 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.19%, costing £474.71 p/m) for 276 months. Total amount payable £140,729. Fees total £1,029. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
TSB 2 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £477.43 p/m) for 276 months. Total amount payable £141,583. Fees total £1,030. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Barclays 5 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £466.44 p/m) for 240 months. Total amount payable £136,048. Fees total £1,240. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Metro Bank 5 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.25%, costing £466.84 p/m) for 240 months. Total amount payable £135,863. Fees total £959. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Nationwide 5 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £467.43 p/m) for 240 months. Total amount payable £136,567. Fees total £1,259. Fees are assumed to be paid up front and are not included in the amount borrowed.
| Provider | Details |
|---|---|
|
Natwest 5 Year Fixed Send Enquiry |
|
Representative Example: This is a repayment mortgage of £90,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.24%, costing £466.44 p/m) for 240 months. Total amount payable £136,081. Fees total £1,273. Fees are assumed to be paid up front and are not included in the amount borrowed.
Note: All of the mortgages above are calculated on the basis of a £150,000 property value and a mortgage of £90,000.
A loan-to-value (LTV) ratio of 60%.
Popular Mortgage Lenders
Mortgage Jargon Buster
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Mortgage
Mortgages are a type of loan provided by a Bank or Building Society which are used to purchase a home or a piece of land. Mortgages can in theory be for any period of time but the most common type lasts 25 years. Mortgages are secured loans meaning the property/land is used as collateral until the mortgage is fully paid back. If you fail to make your repayments each month the bank can repossess the asset and auction it off. It is therefore very important to understand what you can afford to pay each month.
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APRC
APRC (Annual Percentage Rate Of Charge) is a handy way to compare the costs of different mortgages. It is a calculation of the total cost of the mortgage including interest payments and various fees. Mortgages have different interest rates, discounted periods and various arrangement fees including booking fees, application fees, legal fees, transfer fees and valuation fees. The APRC gives consumers a base comparison rate that allows them to compare different mortgages side by side.
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Arrangement Fee
This is the up front, set-up fee for the mortgage. Lenders will often allow you to add this to the total amount borrowed but if you do this you will be paying interest on it for the term of the mortgage.
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Base Rate
This is the interest rate controlled by the Bank of England. If your mortgage is a “tracker” it will adjust based on changes to the BOE base rate.
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Deposit
A deposit is the amount of money the buyer is required to pay up-front to secure the mortgage and the property. In the past borrowers were able to pay deposits of 10% or less but these are now more difficult to find. To secure the lowest mortgage rates buyers are expected to provide up to 40% of the value of the property.
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Discounted Mortgage
With this kind of mortgage, the interest you pay will be less than the standard variable rate for a fixed period of time, usually 2-5 years. If the SVR is 5%, a discount offered of 1% will leave you paying 4% for the agreed period of time.
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Early Repayment Charges
Banks and building societies don’t like people paying off their mortgages early as it reduces the amount of interest they can charge during the lifetime of the loan. To make up for this they often impose a penalty charge if you choose to pay your mortgage off early.
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Fixed Rate Mortgage
The agreed interest rate remains fixed for the duration of the deal (usually 2-5 years) so your monthly payments will not change
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Mortgage Deed
This is the legal contract between you and the bank or building society. It outlines the legal obligations of both parties and the lenders rights if you fail to keep up with your monthly repayments.
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Loan To Value Ration (LTV)
The LTV is the ratio between the value of your home and the size of the mortgage you wish to take out. All lenders have maximum LTV’s in place for their mortgages. Generally speaking the lower your LTV, the better the interest rate you will be offered. The usual limit for LTV is 90%. The days of 100% mortgages are for the time being at least, over.
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Repayment Mortgage
With this type of mortgage you will pay off both the interest and capital on a monthly basis. This means higher monthly payments but at the end of the mortgage you will have built up equity equal to 100% of the property value.
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Standard Variable Rate (SVR)
Every bank or building society has a Standard Variable Rate which is the amount they charge borrowers at the end of their discounted period. This is often when borrowers choose to remortgage to avoid these higher monthly rates.
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Variable-Rate Mortgage
The monthly charges will depend on the lenders SVR which can go up or down, usually based on the movement of the Bank Of England’s Base Rate.
