• First time buyer mortgages, decorating

    First Time Buyer Mortgages

    With The Nottingham 95% First Time Buyer Mortgages, owning your first home could soon be a reality instead of a dream, as you will only need to find a 5% deposit. So you’ll quickly be able to start making a real investment in your future by paying money into something you actually own

  • Key mortgage information

    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

    3 Year First Time Buyer Fixed Rate

    95% LTV

    • Six months’ interest Early Repayment Charge applies until 01.08.2015
    • £299 arrangement fee, including £199 upfront booking fee
    • Free valuation
    • Purchase only

    		 Fixed rate until 01.08.2015 Then changing to our variable mortgage rate (VMR) for the rest of the mortgage term The overall cost for comparison is

    5.99%

    6.14%

    6.50% APR
    Enquire online Branch finder

    5 Year First Time Buyer Fixed Rate

    95% LTV

    • Six months’ interest Early Repayment Charge applies until 01.08.2017
    • £299 arrangement fee, including £199 upfront booking fee
    • Free valuation
    • Purchase only

    		 Fixed rate until 01.08.2017 Then changing to our variable mortgage rate (VMR) for the rest of the mortgage term The overall cost for comparison is

    6.09%

    6.14%

    6.50% APR
    Enquire online Branch finder

    These products are only available for first time buyers in selected postcodes. Please contact your local branch for full details. Minimum amount you can borrow is £30,000 and the maximum we will lend you is £150,000

    Made with you in mind

    • Only 5% deposit required
      Allows you to apply for up to 95% of the property value so you can borrow enough for the property that you really want
    • Choice of fixed rate term for extra peace of mind
      Gives you a choice of fixed rate term to help you budget your finances
    • Free basic mortgage valuation
      You don’t have to find the money to pay the usual cost of a valuation with your application which let’s you apply quickly to secure your dream home
    • Add the Higher Lending Charge (HLC) onto your loan
      Makes moving in more affordable as it means you can pay the HLC off across the mortgage term rather than having to pay it on completion
    • Up to 3.75 times your income for either single or joint applicants
      To make sure that you don’t overstretch yourself the actual amount we will lend depends on what we think is a realistic amount for you to repay each month based on your outgoings and other commitments
    • Make extra one-off payments from your loan without incurring any Early Repayment Charges
      (as long as you don’t pay off more than 10% of the original loan in a year*) so that you can pay down your mortgage quicker if you get a windfall or receive a bonus at work

      *In each 12-month period from the start date of the product term to the end of the ERC (early repayment period).

    We’re with you all the way

    We know that you’re bound to have lots of questions about buying your first home, so we're here to help with any concerns. Just pop into one of our many local branches throughout Nottinghamshire, Lincolnshire, Derbyshire and South Yorkshire and talk to one of our mortgage advisers.

    From help with setting your budget and saving for your deposit to finding your dream home through our network of estate agencies, we’re here for you.

    Find your nearest branch
    First time buyer guide

    Setting your mortgage budget

    Before you start house hunting, you need to know exactly how much you’ll have to spend. Our expert advisers will work out with you how much you can afford and give you our 'Agreement in Principle' (AIP**) certificate that will confirm how much you can borrow.

    Having your AIP ready shows estate agents and vendors you're serious about buying. It also gives you a clear idea before you start your search about which homes you can afford and how much deposit you'll need.

    **The AIP will be dependent on the information you supply being correct, a satisfactory valuation of a property and passing our application score.

    A deposit for your dream home

    Our First Home Saver account could be the ideal way to save up for that essential deposit:

    • You’ll get an excellent interest rate, currently up to 3.25% gross p.a./AER
    • When you’re ready to purchase, you can get £250 cashback off your Nottingham mortgage to help with the costs of moving into your first home^

    Speak to one of our specially trained advisers for more information.

    ^Terms and conditions apply. Ask for details.

    Finding your first home

    AIP? Check. Deposit? Check. Now for the exciting bit – finding your future home! The Nottingham's estate agency is one of the largest in the region with hundreds of homes for sale, and our expert teams are waiting to help you get your dream home at the price you're looking for.

    Find out more about searching for your new home

    Help for the future

    We don’t stop once you’ve found your perfect home. We’re also here to help with:

    • Conveyancing. We have strong relationships with local solicitors who offer professional services for both buyers and sellers at excellent rates
    • Protection for you and your loved ones – providing security for you in the event of an emergency or if your circumstances change
    • Home insurance. Take a look at our competitive building and contents insurance by getting an on-line quote or visiting your local branch link to home insurance section
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE