Skip to main content

First time buyers

Start your journey to getting the keys to your first home. Find out how much you might be able to borrow, learn more about our government scheme and our mortgages.

Help to Buy Equity Loans and Shared Ownership

Help to Buy Equity Loans is a government scheme designed for new-build properties in England and Wales to help you to own your first home or to move up the property ladder.

The government lends you up to 20% in England and Wales, and 40% in London towards the cost of your home, so you'll only need a cash deposit of 5% of the sale price and a 75% mortgage to make up the rest. Help to Buy Equity loans are only available if you meet the eligibility criteria and you're buying a new-build home. You can find out more about the government Help to Buy equity loan scheme on the government's website below. Terms and conditions apply.

Help to Buy for England and Wales

Shared Ownership allows you to buy a share of the home and pay rent for the rest. This means you take a smaller mortgage, so the deposit required is lower. However, you need to make sure you budget for your monthly mortgage payments plus the rent.

Want to find out more about Shared Ownership? Read our handy guide to shared ownership.

For more information on these and other government schemes, visit our Government Schemes page.

First Homes England Scheme

First Homes is a scheme designed to help first time buyers in England onto the property ladder, by offering homes at a discount of at least 30% compared to the market price (set by an independent valuer). In some areas the discount could be as high as 50%, making deposits and mortgages more affordable.

Want to find out more about First Homes scheme? Visit our First Homes page.

New Build properties

If you have a deposit of at least 10% of the property value for a New Build house, or 15% or more if you're buying a New Build flat, you'll have access to our standard mortgage range.

If you're buying a New Build house with a deposit of less than 10% of the property value, give us a call to find out whether what other deals we have available and whether they might be suitable for you. 

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

Next steps

Online Affordability Calculator

Work out how much you might be able to afford to borrow, based on your income and outgoings.

Call us

If you've already got a Decision in Principle or prefer to request one over the phone, speak to our mortgage team on

8am - 6pm
8am - 5:30pm
9am - 12pm

View our mortgages

We have a range of mortgages available to first time buyers.

Best National Building Society

We're proud to have been named Best National Building Society in the 2021 What Mortgage Awards for the 8th year running, following four months of consumer voting.

Why choose Skipton?
Best National Building Society
Version Info: