• We can help with first time buyer mortgages

    As a first time buyer, choosing a mortgage may seem like a confusing process. Which is the best first time buyer mortgage to go for? How much can you borrow? What deposit will you need?

    With so many questions, if you’re buying your first home the most important thing you can do is seek advice. That's where we can help.

  • First time buyer - Best Buy

    The mortgage rates listed below are an indication of the first time buyer deals available at present. They may not necessarily be the right mortgage for you as your individual circumstances will influence which deals will suit you the most.

    When looking for a mortgage it's important to remember that rates aren’t the whole story, there are many factors to consider such as additional fees, introductory periods and terms of the loan.

    During your free initial consultation our team of mortgage advisers will undertake a comprehensive search of the market, explain all the additional costs and find the best mortgage deal for you.

  • Lender Type Initial rate Initial rate period Changing to variable rate, currently The overall cost for comparison is Max LTV Early repayment charges (ERC) Lender's fees Our fees View details Select
    Discounted 3.4% 4 years 4.95% 4.6% APR 100% Yes £199 £0 View
    Discounted 3.95% 3 years 4.99% 4.9% APR 95% No £0 £0 View
    Discounted 4.09% 3 years 4.99% 5% APR 95% Yes £398 £0 View
    Discounted 4.09% 3 years 4.99% 5% APR 95% Yes £398 £0 View
    Discounted 4.25% 3 years 4.99% 4.9% APR 95% Yes £99 £0 View
    Discounted 4.29% 3 years 5.29% 5.4% APR 95% Yes £599 £0 View
    Fixed 3.79% 30/09/2017 4.49% 4.4% APR 95% Yes £0 £0 View
    Fixed 3.99% 30/11/2017 4.79% 4.8% APR 95% Yes £545 £0 View
    Fixed 3.99% 30/11/2017 4.79% 4.8% APR 95% Yes £545 £0 View
    Fixed 4.39% 30/11/2019 4.79% 4.8% APR 95% Yes £545 £0 View
    You can only compare up to 3 products at a time.
    Compare Enquire

    Vernon

    OF6 4 Year 1.55% Discount Up To 80% Purchase (Family Assisted)

    Initial rate
    (Discounted)
    3.4%
    Reverting rate (currently)
    4.95%
    The overall cost for comparison is
    4.6% APR
    Initial monthly payment
    £517.56
    • Rates and payments

      Rate Type Payment Period
      Initial rate 3.4% Discounted £517.56 4 years
      Reverting to 4.95% Variable (SVR) £595.03 Term
      Total amount to pay £175,640.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Arrangement Fee £199.00 Up Front
      Title Deeds Admin Fee £30.00 On Redemption
      Title Deeds Admin Fee £100.00 On Redemption
      Redemption Admin Fee £25.00 On Redemption
      CHAPS/Telegraphic Transfer Fee £15.00 On Completion
      Lender Conveyancing Fee £250.00 On Completion
      Valuation Fee £230.00 Up Front
      Higher Lending Charge £0.00
      Total Amount of Fees £694.00
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    Woolwich

    EPB Family Springboard Mortgages 3 Year Fixed 3.79% until 30/09/2017 then Tracker Plus 3.99%

    Initial rate
    (Fixed)
    3.79%
    Reverting rate (currently)
    4.49%
    The overall cost for comparison is
    4.4% APR
    Initial monthly payment
    £539.54
    • Rates and payments

      Rate Type Payment Period
      Initial rate 3.79% Fixed £539.54 30/09/2017
      Reverting to 4.49% Variable (SVR) £576.10 Term
      Total amount to pay £171,945.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Redemption Admin Fee £80.00 On Redemption
      Completion Fees £35.00 On Completion
      Lender Conveyancing Fee £126.00 On Completion
      Valuation Fee £190.00 Up Front
      Total Amount of Fees £351.00
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    Monmouthshire Building Society

    D111 3 Year 1.04% Discount then SVR Purchase Only 95% LTV (Local Area Only) Repayment Only

    Initial rate
    (Discounted)
    3.95%
    Reverting rate (currently)
    4.99%
    The overall cost for comparison is
    4.9% APR
    Initial monthly payment
    £548.71
    • Rates and payments

      Rate Type Payment Period
      Initial rate 3.95% Discounted £548.71 3 years
      Reverting to 4.99% Variable (SVR) £604.03 Term
      Total amount to pay £179,983.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Title Deeds Admin Fee £50.00 On Redemption
      Redemption Admin Fee £75.00 On Redemption
      Lender Conveyancing Fee £250.00 On Completion
      Other £150.00 Up Front
      Valuation Fee £240.00 Up Front
      Total Amount of Fees £640.00
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    National Counties Building Society

    XF003 Owner Occupier Family Mortgage Fixed Rate 3.99% until 30/11/2017 Up to 95% LTV Purchase Only (REPAYMENT ONLY)

    Initial rate
    (Fixed)
    3.99%
    Reverting rate (currently)
    4.79%
    The overall cost for comparison is
    4.8% APR
    Initial monthly payment
    £551.01
    • Rates and payments

      Rate Type Payment Period
      Initial rate 3.99% Fixed £551.01 30/11/2017
      Reverting to 4.79% Variable (SVR) £593.15 Term
      Total amount to pay £177,540.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Arrangement Fee £545.00 Up Front
      Title Deeds Admin Fee £25.00 On Redemption
      Redemption Admin Fee £75.00 On Redemption
      Lender Conveyancing Fee £148.05 On Completion
      Other £75.00 Up Front
      Valuation Fee £330.00 Up Front
      Total Amount of Fees £1098.05
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    National Counties Building Society

    XF003 Owner Occupier OFFSET Family Mortgage Fixed Rate 3.99% until 30/11/2017 Up to 95% LTV Purchase Only (REPAYMENT ONLY)

    Initial rate
    (Fixed)
    3.99%
    Reverting rate (currently)
    4.79%
    The overall cost for comparison is
    4.8% APR
    Initial monthly payment
    £551.01
    • Rates and payments

      Rate Type Payment Period
      Initial rate 3.99% Fixed £551.01 30/11/2017
      Reverting to 4.79% Variable (SVR) £593.15 Term
      Total amount to pay £177,540.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Arrangement Fee £545.00 Up Front
      Title Deeds Admin Fee £25.00 On Redemption
      Redemption Admin Fee £75.00 On Redemption
      Lender Conveyancing Fee £148.05 On Completion
      Other £75.00 Up Front
      Valuation Fee £330.00 Up Front
      Total Amount of Fees £1098.05
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    Melton Mowbray Building Society

    Local Restricted Area 0.90% Discount from SVR for 3 years (SMS)

    Initial rate
    (Discounted)
    4.09%
    Reverting rate (currently)
    4.99%
    The overall cost for comparison is
    5% APR
    Initial monthly payment
    £556.80
    • Rates and payments

      Rate Type Payment Period
      Initial rate 4.09% Discounted £556.80 3 years
      Reverting to 4.99% Variable (SVR) £604.91 Term
      Total amount to pay £181,039.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Booking Fee £199.00 Up Front
      Arrangement Fee £199.00 Up Front
      CHAPS/Telegraphic Transfer Fee £25.00 On Completion
      Redemption Admin Fee £90.00 On Redemption
      Title Deeds Admin Fee £50.00 On Redemption
      Lender Conveyancing Fee £360.00 On Completion
      Valuation Fee £375.00 Up Front
      Higher Lending Charge £0.00
      Total Amount of Fees £1158.00
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    Melton Mowbray Building Society

    Local Restricted Area 0.90% Discount from SVR for 3 years

    Initial rate
    (Discounted)
    4.09%
    Reverting rate (currently)
    4.99%
    The overall cost for comparison is
    5% APR
    Initial monthly payment
    £556.80
    • Rates and payments

      Rate Type Payment Period
      Initial rate 4.09% Discounted £556.80 3 years
      Reverting to 4.99% Variable (SVR) £604.91 Term
      Total amount to pay £180,904.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Booking Fee £199.00 Up Front
      Arrangement Fee £199.00 Up Front
      CHAPS/Telegraphic Transfer Fee £25.00 On Completion
      Redemption Admin Fee £90.00 On Redemption
      Title Deeds Admin Fee £50.00 On Redemption
      Lender Conveyancing Fee £360.00 On Completion
      Valuation Fee £240.00 Up Front
      Higher Lending Charge £0.00
      Total Amount of Fees £1023.00
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    Teachers Building Society

    3 year Variable Rate SVR Discount - 0.74% Max 95% LTV Shared Ownership Purchase Only

    Initial rate
    (Discounted)
    4.25%
    Reverting rate (currently)
    4.99%
    The overall cost for comparison is
    4.9% APR
    Initial monthly payment
    £566.12
    • Rates and payments

      Rate Type Payment Period
      Initial rate 4.25% Discounted £566.12 3 years
      Reverting to 4.99% Variable (SVR) £605.90 Term
      Total amount to pay £180,842.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Booking Fee £99.00 Up Front
      CHAPS/Telegraphic Transfer Fee £25.00 On Completion
      Redemption Admin Fee £85.00 On Redemption
      Redemption Admin Fee £20.00 On Early Redemption
      Legal Fees £0.00
      Valuation Fee £275.00 Up Front
      Higher Lending Charge £0.00
      Total Amount of Fees £399.00
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    Bath Building Society

    UAD051 3 Year 1.00% Discount then SVR for term Parent Assisted. Guarantee and Collateral Security required

    Initial rate
    (Discounted)
    4.29%
    Reverting rate (currently)
    5.29%
    The overall cost for comparison is
    5.4% APR
    Initial monthly payment
    £574.65
    • Rates and payments

      Rate Type Payment Period
      Initial rate 4.29% Discounted £574.65 3 years
      Reverting to 5.29% Variable (SVR) £630.09 Term
      Total amount to pay £188,429.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Arrangement Fee £599.00 Up Front
      Completion Fees £75.00 On Completion
      Title Deeds Admin Fee £50.00 On Redemption
      Redemption Admin Fee £100.00 On Redemption
      Administration Fee £125.00 Up Front
      Lender Conveyancing Fee £150.00 On Completion
      Valuation Fee £75.00 Up Front
      Valuation Fee £225.00 Up Front
      Total Amount of Fees £1249.00
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    National Counties Building Society

    XF004 Owner Occupier Family Mortgage Fixed Rate 4.39% until 30/11/2019 Up to 95% LTV Purchase Only (REPAYMENT ONLY)

    Initial rate
    (Fixed)
    4.39%
    Reverting rate (currently)
    4.79%
    The overall cost for comparison is
    4.8% APR
    Initial monthly payment
    £574.34
    • Rates and payments

      Rate Type Payment Period
      Initial rate 4.39% Fixed £574.34 30/11/2019
      Reverting to 4.79% Variable (SVR) £594.07 Term
      Total amount to pay £178,196.00 This figure is calculated over the full 25 year term.

      Please Note: Rates that are based on the lender's current Standard Variable Rate (SVR) will be variable. Therefore your monthly payment could go up or down in the future as the rate changes. This will also effect the total to pay amount and the APR quoted.

      Close close FAQ answer
    • Fees and charges

      View open FAQ answer
      Fee details Fee Payment Timing
      Arrangement Fee £545.00 Up Front
      Title Deeds Admin Fee £25.00 On Redemption
      Redemption Admin Fee £75.00 On Redemption
      Lender Conveyancing Fee £148.05 On Completion
      Other £75.00 Up Front
      Valuation Fee £330.00 Up Front
      Total Amount of Fees £1098.05
      Close close FAQ answer

    Values are based on a £150,000 repayment mortgage loan and a £250,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult a qualified adviser before undertaking any borrowing.

    Values are based on a £104,500 repayment mortgage loan and a £110,000 property purchase price, over a 25 year term. Products may or may not be available to you, depending on your circumstances. Please consult our qualified advisers before undertaking any borrowing.

    Compare Mortgages

    When you're looking for a mortgage the options can be overwhelming. Talk to our advisers to find out which mortgage is best for you. Call 0800 183 6002.

    Lender
    Product code and detail OF6 4 Year 1.55% Discount Up To 80% Purchase (Family Assisted)EPB Family Springboard Mortgages 3 Year Fixed 3.79% until 30/09/2017 then Tracker Plus 3.99%D111 3 Year 1.04% Discount then SVR Purchase Only 95% LTV (Local Area Only) Repayment OnlyXF003 Owner Occupier Family Mortgage Fixed Rate 3.99% until 30/11/2017 Up to 95% LTV Purchase Only (REPAYMENT ONLY)XF003 Owner Occupier OFFSET Family Mortgage Fixed Rate 3.99% until 30/11/2017 Up to 95% LTV Purchase Only (REPAYMENT ONLY)Local Restricted Area 0.90% Discount from SVR for 3 years (SMS)Local Restricted Area 0.90% Discount from SVR for 3 years3 year Variable Rate SVR Discount - 0.74% Max 95% LTV Shared Ownership Purchase OnlyUAD051 3 Year 1.00% Discount then SVR for term Parent Assisted. Guarantee and Collateral Security requiredXF004 Owner Occupier Family Mortgage Fixed Rate 4.39% until 30/11/2019 Up to 95% LTV Purchase Only (REPAYMENT ONLY)
    Rate type DiscountedFixedDiscountedFixedFixedDiscountedDiscountedDiscountedDiscountedFixed
    Initital rate 3.4%3.79%3.95%3.99%3.99%4.09%4.09%4.25%4.29%4.39%
    Inititial interest rate period 4 years30/09/20173 years30/11/201730/11/20173 years3 years3 years3 years30/11/2019
    Changing to variable rate, currently 4.95%4.49%4.99%4.79%4.79%4.99%4.99%4.99%5.29%4.79%
    Overall cost for comparison 4.6% APR4.4% APR4.9% APR4.8% APR4.8% APR5% APR5% APR4.9% APR5.4% APR4.8% APR
    Fees £694.00£351.00£640.00£1,098.05£1,098.05£1,158.00£1,023.00£399.00£1,249.00£1,098.05
    Early repayment charges YesYesNoYesYesYesYesYesYesYes
    Initial monthly payment, currently £517.56£539.54£548.71£551.01£551.01£556.80£556.80£566.12£574.65£574.34

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  • Why use specialist mortgage advisers?

    The first time you do anything can be daunting. With mortgages there's added complication. Firstly, you've got to work out if you qualify to get on the property ladder and if so, what can you borrow and how long. Then there's the language mortgage providers use, like LTV and APR.

    With so many things to consider, first time buyers need someone they can trust to provide impartial personal advice.

    Our expert advisers will cut through the jargon, find out what your mortgage needs are and then search the whole of the mortgage market to bring you the best first time buyer mortgages for you.

    They'll explain all the different mortgage deals on offer in plain English and help you make the right choices for you. There's no selling and no cost for an initial consultation.

  • Call our trained advisers now 0344 481 0013

    Lines are open Mon-Thurs: 8am-7pm, Friday: 8am-6pm, Saturday: 9am-12.30pm

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

Nottingham Mortgage Services is an appointed representative of Intrinsic Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No. 3089887. A wholly owned subsidiary of Nottingham Building Society. Nottingham Building Society, Nottingham House, 3 Fulforth Street, Nottingham, NG1 3DL.

Nottingham Building Society is a member of the Building Societies Association, the Council of Mortgage Lenders and Financial Ombudsman Service and is a participant in the Financial Services Compensation Scheme. Nottingham Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered under number 200785. 

Nottingham Building Society and Nottingham Property Services are introducers to Towergate Financial (East) Limited for investments, pensions and protection. Towergate Financial (East) Limited is authorised and regulated by the Financial Conduct Authority. 

Nottingham Building Society’s home insurance is underwritten by Royal & Sun Alliance Insurance plc (no 93792). Registered in England and Wales at St Mark’s Court, Chart Way, Horsham, West Sussex RH12 1XL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Terms and conditions apply. For your protection, telephone calls may be recorded and monitored. 

HM Lettings Limited, registered in England and Wales number 8333273. A wholly owned subsidiary of Nottingham Property Services.

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. 

Nottingham Building Society, Nottingham House, 3 Fulforth Street, Nottingham, NG1 3DL.

Visit the Prudential Regulation Authority (opens in new window) or the Financial Conduct Authority website (opens in new window)

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

© Nottingham Building Society 2014. All rights reserved.