• First time buyer mortgages

    We will help you get on the property ladder. Our first time buyer mortgage only requires a 5% deposit and lets you potentially borrow up to 4.00 times your income - we even give you a free basic property valuation. And our fixed rate first time buyer mortgages provide you with peace of mind that your monthly payments will be set during the fixed rate period.

    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.

    • Key information
    • Next steps
    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
    Fixed rate until 01.07.2016 Then changing to our variable mortgage rate (VMR) for the rest of the mortgage term The overall cost for comparison is
    5.49% 6.14% 6.30% APR
    • Six months' interest early repayment charge applies until 01.07.2016
    • No arrangement or booking fee
    • Free basic property valuation
    • Available for purchases only
    • Product code: MF0102
    Enquire online Find your nearest branch
    5 year first time buyer fixed rate 95% LTV
    Fixed rate until 01.07.2018 Then changing to our variable mortgage rate (VMR) for the rest of the mortgage term The overall cost for comparison is
    5.69% 6.14% 6.30% APR
    • Six months’ interest early repayment charge applies until 01.07.2018
    • £299 arrangement fee, including £100 upfront booking fee (non-refundable)
    • Free basic property valuation
    • Available for purchases only
    • Product code: MF0103
    Enquire online Find your nearest branch
    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 requiredAllows 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 mindGives you a choice of fixed rate term to help you budget your finances
    • Free basic property valuationYou 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 loanMakes 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 4.00 times your income for single applicants, or up to 3.75 times your income for joint applicantsTo 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.

    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 independent estate agencies in the East Midlands, with hundreds of homes for sale, and our team of experts are waiting to help you move into your dream home.

    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 home insurance quote or visiting your local branch

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

Nottingham Building Society is a member of the Building Societies Association and the Financial Ombudsman Service and is a participant in the Financial Services Compensation Scheme. Nottingham Building Society is authorised by the Prudential Regulation Authority (opens in new window) and regulated by the Financial Conduct Authority (opens in new window) and the Prudential Regulation Authority. Registered under number 200785. Registered address, Nottingham House, 3 Fulforth Street, Nottingham NG1 3DL.

Nottingham Building Society is an introducer to Towergate Financial (East) Limited for investments, pensions and protection. Towergate Financial (East) Limited is authorised and regulated by the Financial Conduct Authority. (opens in new window)

Nottingham Building Society’s home insurance is underwritten by Royal & Sun Alliance Insurance plc registered in England and Wales. (company number 93792) at St Mark’s Court, Chart Way, Horsham, West Sussex, RH12 1XL. Royal & Sun Alliance is authorised by the Prudential Regulation Authority (opens in new window) and regulated by the Financial Conduct Authority (opens in new window) and the Prudential Regulation Authority. (opens in new window) Terms and conditions apply. For your protection, telephone calls may be recorded and monitored.

Nottingham Mortgage Services is the trading style of Nottingham Mortgage Services Limited registered in England and Wales (company number 03089887). Nottingham Mortgage Services is an appointed representative of Intrinsic Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. (opens in new window)

Nottingham Building Society is an introducer to The Will Writing Company for estate planning services and is regulated by the Institute of Professional Will Writers.

Nottingham Building Society is an introducer to Dignity Pre-Arrangement Limited who provide the Guaranteed Funeral Plan.

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

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