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Mortgage Help for First Time Buyers

Are you a first-time buyer looking for help to buy a home?

Whether you're looking for a low deposit mortgage or one which can be used with a government-backed scheme, we’re here to help you understand your options and make homeownership a reality. We're proud to have been named a Which? recommended provider for 2023.

A man and a woman with keys to a home

The mortgage for renters

With rent, bills and everything else to pay for, saving for a house deposit can be challenging. If you're aged 21 or over, have paid 12 months’ rent in a row during the last 18 months and are looking to buy a home, we're now offering a mortgage with less than 5% or no deposit needed.

Track Record Mortgage
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Income Booster

Our Income Booster (a.k.a. Joint Borrower Sole Proprietor or JBSP) allows you to add up to 3 extra people onto the mortgage, without making them an owner of the property. We factor in their income, which means you could borrow more than if you were buying on your own. All borrowers will then share the legal responsibility for paying the mortgage.

Income Booster
Two young men talking

Government Schemes

We offer a range of mortgages for use with government-backed schemes, designed for people looking for help to buy a home, including Shared Ownership and First Homes England.

Government Schemes
You could lose your home if you don’t keep up your mortgage repayments.

What other ways could we help you?

With our Online Cash Lifetime ISA, you can save up to your LISA allowance each tax year (£4,000 for the current tax year) and the government will give you a 25% bonus on top of your savings every year, bringing you that bit closer to owning your own home. Saving for a deposit can be a big hurdle, so this could be a handy boost to help you onto the property ladder.

A LISA is only available if you are aged between 18-39. You can withdraw money from your LISA to buy your first home after 12 months from your first payment in. Any other withdrawals before the age of 60 would incur a 25% government withdrawal charge, which would mean you’d get back less than you paid in.

Lifetime ISA

If you need help with some or all of your mortgage deposit, we accept gifted deposits, as long as they are given by a family member. We will need to review any gifted deposits, so you must make sure you tell us of any support you’re receiving when you submit your mortgage application.

A longer mortgage term could allow you to spread the cost of your mortgage further to make your monthly payments more manageable. It’s worth noting that over the long term you will have to pay more interest, but the lower month to month costs could make it an option if you’re looking for help to buy a home.

Next steps

Affordability Calculator

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

Use our online tool

Our mortgage finder is designed to help you search our mortgage range for a deal that could be right for you.

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