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

  • I went from not thinking I could get a mortgage, to mortgage approved in 2 weeks, and at a rate I never thought possible! The service provided by Jami...
    customer
  • Very well organised and friendly . Told us upfront what to expect and what it was gonna cost . Very honest with what they tell you . Always keeping yo...
    Oliver Cole
  • I was dealing with Jamie Money for my remortgage enquiry great communication, Kept me informed throughout the process and managed to save me money! wi...
    Michele Clark
  • Would highly recommend they were very helpful and it was a very easy process 👍👍
    Carl Dean
  • Great good quick service thank you
    Dale Bromell
  • The service I received from Matt was first rate. Sorted out a deal in very quick time with no fuss. I would strongly recommend this company.
    Mr Brandon
  • I have recently been dealing with Jamie Melling and it has been nothing but straight forward from the start. He has been very informative, answering a...
    Lauren
  • What a fantastic company this is so helpful and willing to go the extra mile to get things done Jamie money,Meghan,Rebecca and Olivia are amazing I wo...
    Emma Gregory
  • Good service so far.
    CAROLINE HAYNES
  • This was my second property, but same comments as the first one. The chap I was dealing with, Karl, was great and very helpful. We got a good result...
    Jeffrey Peyton-Bruhl
  • We just want to thank Callum for being amazing. We honestly could not have asked for a better mortgage advisor, he put up with us calling all the time...
    Jessica Boyle
  • Callum was excellent highly professional and very approachable, I would definitely recommend the company to anyone that I know Shazad
    shazad
  • kept in touch every step of the way. always responded quick to emails and my questions. kept in the loop constantly on each step of the process. fr...
    Hayley Reay
  • Very easy to deal with, good communication and service. Got me a mortgage with a high street lender when other brokers said they couldn’t.
    Mark Tomlinson
  • Morgage key have communicated with us through out, if they have only just checked to say Hi and if there was anything they could do Whilst waiting fo...
    Heather Twigg
  • Easy to deal with. Quick and efficient. Great customer service. Mortgage to meet my needs and a competitive rate. Also sorted life insurance too. Hig...
    Diane Franklin
  • The second time we have used mortgage key now and we are really happy. It was great to deal with Karl again, he gave us solid advice and we had a laug...
    Daniel Conelly
  • Super fast great comms will use again
    customer
  • Fantastic service. Offer issued within a week.
    Charlotte D
  • Great service, good communication and on the ball! I would recommend to a friend to use MortgageKey, helpful and polite. Thank you!
    Ann-Marie Smith

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