First Time Buyer Mortgages

We’re proud to have a common sense approach to lending – with each case being manually underwritten. This means that throughout the process, we’re able to offer flexibility to support you and your clients with direct access to an underwriter.


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First Time Buyer Mortgages

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First Time Buyer 2 Year Fixed Rate 90% LTV (fixed until 29.02.2028)

Initial Interest Rate

5.29%

Maximum Loan To Value (LTV)

90%

Overall Cost for Comparison

7.40%

Product Code

IP421

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 5.29% until 29th February 2028, a further discounted rate of 6.89% until 29th February 2032, followed by our Standard Variable Rate of 8.14%. In this example you would make 27 monthly payments of £1,082.90, 48 payments of £1,247.28 and 225 monthly payments of £1,365.53.

The total amount payable would be £396,619.99 made up of the loan amount plus interest of £216,351.99 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 7.4% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

First Time Buyer 2 Year Fixed Rate 95% LTV (fixed until 29.02.2028)

Initial Interest Rate

5.75%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

7.50%

Product Code

IP422

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 5.75% until 29th February 2028, a further discounted rate of 6.89% until 29th February 2032, followed by our Standard Variable Rate of 8.14%. In this example you would make 27 monthly payments of £1,132.39, 48 payments of £1,251.05 and 225 monthly payments of £1,369.66.

The total amount payable would be £399,066.43 made up of the loan amount plus interest of £218,798.43 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 7.5% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.