First Time Buyer Mortgages

Making it easier to buy your very first home

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Mortgage Enquiries

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Mortgages Accepted

Making buying a first home easier with great mortgage deals

At MortgageKey we’ve been delighted to help hundreds of people buy their first home. First time buyer mortgages make it easier for people to get on the property ladder, with deposits as little as just 5% required.

Why choose MortgageKey for First Time Buyer Mortgages?

Impartial and unbiased advice

As we're completely indepedent we can truly search for the very best deals

Pay nothing until completion

We don’t ask for any payment at all until your mortgage deal is signed and sealed

Thousands of deals considered

We search and compare thousands of first time mortgage deals to tailor a deal best suited to you

Award-winning expertise

We’ve been recognised for our fantastic range of products due to our large network of lenders

Award-winning mortgage and loans experts – ready to help you today

Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.

Mortgage & Loan Guides

Read our experts’ latest advice on a wide range of mortgage options to the tax implications of buying properties to let.

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Infographics

Making mortgages and loans simpler to understand is our key skill, and our infographics do just that!

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Hear from our Clients

Don’t just take our word for it, hear from our happy clients who we have helped through the mortgages and loans process.

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First Time Buyer Mortgages – Your Questions Answered

Buying your first home is a landmark event – and one we are dedicated to making as smooth and as stress-free as possible at MortgageKey.

Owning a home for the first time is going to place an extra pressure on finances,no matter what deal you get, but with our advice and support, it is a big step which can often be easily achieved and managed.

Why choose a First Time Buyer Mortgage?

The main aim of this type of mortgage is to make it easier for people to make that first step onto the property ladder – and get a property they love. They are usually fairly flexible in terms of the size of your deposit and rates, but of course, the bigger deposit you are able to pay, the greater range of cheaper mortgages you will have access to.

How do First Time Buyer Mortgages differ from others?

Like all mortgage deals, you’ll still need to go through all the financial checks to prove you are eligible and can afford the repayments. However, a lot of first time buyers are allowed a 5% deposit on an 80% mortgage value, with the Government subsidising the rest until you’re in a position to negotiate further.

The majority of mortgage lenders will allow mortgage terms of around 35 years which can help lower monthly payments.

What kinds of First Time Buyer Mortgages deals are available?

The Government's Help to Buy Scheme allows minimum deposit of just 5% with no interest to be paid for five years. When using Help to Buy, the Government will lend up to 20% of the property value in England and Wales, 40% in London, or 15% in Scotland. You then take out a mortgage on the rest of the property's value (so, if your deposit was 5% and your equity loan was 20%, you'd take out a 75% mortgage).

How much can I borrow for a First Time Buyer mortgage?

This is a key question for many as they assess the type of home they can afford. Obviously, it all depends on individual circumstance. Your finances will be considered in terms of incomings and outgoings to work out what size of a mortgage you could afford to borrow. Other aspects such as the size of your deposit are also an influential factor.

What our clients are saying

  • Zoe and Sally were both really professional but friendly. They are a credit to your company.
    Iain Pay
  • World class service from Day 1 to completion. Highly recommended. In particular the service from Georgia Hardcastle and Olivia Russell was fantastic -...
    Paul Hennessy
  • Great service from start to finish and good terms too. Hoping the solicitors are as good now completing the process.
    Paul H
  • Great team did everything spotlessly and didn’t have to be chased up
    Dale Sutherland
  • Excellent service and trusted help So efficient
    Mrs Diane Brown
  • Very efficient service from start to finish. Communication was exceptional and was always informed and guided every step of the way
    Michael Newbery
  • 5 Star Service
    John Kleinman
  • They have been so helpful every step of the way they have always been quick to rely to every email I’ve sent them. And help me get a decision in pri...
    Mr Terry Mcdonald
  • Quick and efficient service.
    Nic Phipps
  • Very helpful assistant. Straight swap and terms I was looking for, saved a few quid a month
    Bob hope
  • Great fast and friendly service
    Neil
  • I have been dealing with Georgia Hardcastle at Mortgage Key, she is so helpful and have explained everything to me. I am a first time buyer and I was ...
    Pedro Amaral
  • Extremely professional service and courteous staff.
    Mr. Michael Rundle-Brown
  • Mortgagekey are an excellent mortgage broker service. Secured a mortgage with a high street lender within 4 weeks from DIP to full offer. Our case was...
    A&C
  • Brilliant service, can’t fault
    Aimi Buchanan
  • My broker Rory was able to get me a mortgage where others had failed.A credit to the company.
    John Wilkinson
  • We recently used Mortgage Key. Everything was straight forward and done quickly, from the initial quote to receiving the mortgage offer we were kept...
    customer
  • A really good service, Quick and efficient, no stress at all. Knowledgeable staff, who were a pleasure to deal with. I would recommend them and defini...
    philippa Wall
  • Very professional and friendly approach. They managed to find a mortgage which matched all our requirements. Great service! Thanks a lot!
    MJ
  • Great service from the beginning of the process.
    Bruno Cabral

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Ready to talk? Speak to an expert today: 0800 077 8980