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

  • Very pleased all staff very helpful. would use again.
    andrew richards
  • excellent service megan was a delight to deal with
    NEIL S
  • easy and very quick,got a good deal thanks
    Mr Whiting
  • Excellent service..
    Olalere
  • I really cannot fault Mortgagekey at all. From start to finish the staff were helpful and gave good advice, as well as keeping me updated with regard...
    marie baldwin
  • Really great efficient service with great product sourced
    Claire Parker
  • We had difficulty obtaining and mortgage and further difficulty completing our remortgage but Mortgage Key supported us every step of they way. They ...
    Laura-Joy Tallett
  • First class,quick,efficient and friendly.
    Paul Galluccio
  • Lots of communication throughout, very efficient company.
    Billy
  • Mortgagekey were fantastic in helping me and my partner with securing mortgage on our new home. Georgia Hardcastle was superb from professional point ...
    Mr T
  • Very fast efficient service
    David
  • Karl Rayne was excellent, he found me a super deal and kept me up to date at every step of the way. Thanks.
    Nicole Varwell
  • Good communication from Mortgagekey, and so far so good, all seems to be going well. Would have no hesitation in recommending Mortgagekey.
    Wendy Wright
  • Wonderful service. As a first time buyer I would not hesitate to recommend. Thank you !!!
    Michael Spaul
  • As always, this is the second time I have used Mortgagekey. Everything is always seamless. There is no stress. Everything ticks along nicely in the ba...
    Catherine Howard
  • Efficient , great customer service and an easy process.
    Leila
  • Excellent service from the guys at Mortgage Key. Callum was amazing. Georgia and Gareth were awesome too. WELL DONE
    Mr Mohammad Razak
  • Excellent Service.
    K Gill
  • Great staff very helpful, they keep you upto date with everything.
    Mr M Shafqat
  • Absolutely amazing couldn’t have asked for a better mortgage company.
    Amy

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