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First Time Buyer Mortgages
Our exclusive first time buyer mortgages are designed for customers looking to buy their first home and offer a cash back incentive and no scheme fees.
This mortgage can be applied for as long as one of the applicants has never had a mortgage before.
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First Time Buyer 2 Year Fixed Rate 95% LTV (fixed until 30.06.2028)
Initial Interest Rate
6.89%
Maximum Loan To Value (LTV)
95%
Overall Cost for Comparison
7.80%
Product Code
DP485
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 6.89% until 30th June 2028, a further discounted rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 26 monthly payments of £1,259.60, 48 payments of £1,259.60 and 226 monthly payments of £1,379.41.
The total amount payable would be £405,225.06 made up of the loan amount plus interest of £224,957.06 and the following costs, a Chaps fee (£25.00), a Standard Valuation Fee (£193.00) and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.8% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.