Buying your first home is a big step. Our FCA-regulated whole-of-market brokers specialise in first-time buyer mortgages — from 95% LTV deals to Help to Buy and shared ownership schemes. Get matched to the right broker for free.
There are several routes into homeownership for first-time buyers — your broker will help identify which is best for your deposit, income, and property type.
The most common route. With a 5–10% deposit you can access a wide range of lenders offering competitive 2 and 5-year fixed rates. Higher deposits unlock better rates.
Buy a share (25–75%) of a property and pay rent on the remainder. Requires a smaller deposit and mortgage, with the option to staircase (buy more shares) over time.
Many new-build developers offer deposit contribution schemes and part-exchange deals. Some lenders offer exclusive new-build mortgage products with higher LTVs.
Save up to £4,000 per year and receive a 25% government bonus (up to £1,000/year). Can be used towards your first home purchase of up to £450,000.
A family member uses their savings or property as security, enabling you to borrow more or access better rates. Useful if you have a small deposit or variable income.
A parent or relative is added to the mortgage application to boost borrowing power, but doesn't appear on the property deeds — avoiding additional stamp duty.
| Property Price | 5% Deposit | 10% Deposit | Est. Monthly Payment* |
|---|---|---|---|
| £150,000 | £7,500 | £15,000 | £680 – £760 |
| £200,000 | £10,000 | £20,000 | £900 – £1,010 |
| £300,000 | £15,000 | £30,000 | £1,340 – £1,510 |
| £400,000 | £20,000 | £40,000 | £1,790 – £2,010 |
| £500,000 | £25,000 | £50,000 | £2,240 – £2,520 |
*Estimates based on a 25-year repayment mortgage at 4.5–5.0%. Actual rates depend on your deposit, income, and credit score. Get a free quote for an accurate figure.
From saving your deposit to getting your keys — here's the full first-time buyer journey.
Review your credit report with Experian, Equifax, or TransUnion before applying. Correct any errors and clear small debts where possible.
A broker runs a soft credit check and confirms how much a lender will offer you. Most estate agents require this before accepting an offer.
With your DIP in hand, make an offer on a property. Once accepted, instruct a conveyancing solicitor and book a survey.
Your broker submits the full mortgage application. Once the offer is issued and conveyancing is complete, you exchange and complete.
Compare SRA and CLC regulated conveyancing solicitors. Fixed-fee and no-sale-no-fee options available.
Protect your purchase with a thorough survey from an accredited chartered surveyor before you commit.
Compare verified removal companies for moving day. Average saving of £350 vs going direct.