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Mortgages for first time buyers

You won’t find our mortgage deals through brokers.

So talk to us first, direct.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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Buying your first home is an exciting time. Whether you’re deposit-ready, setting those property alerts or heading out to house viewings – we’re here to help you reach for that first rung of the property ladder. Ready? Let’s get moving…

If you’ve already applied, check out our first time buyers journey tracker to see where you are in the process and what happens next.

How much can you borrow?

How much can you borrow?

Amount you can borrow £0

Why get your first mortgage with us?

As a first time buyer with first direct, you could:

Boost your budget: Borrow up to 4.75x your income

Kickstart your search with our calculator. It’ll give you an idea of how much you can borrow – then add your deposit amount to see the maximum property price you can afford.

Important information

The figures in this tool are to give you an idea and don’t necessarily mean we’ll be able to lend you that amount. The amount we may consider lending will depend on your individual situation, the type of property you’re purchasing, the loan you choose and the amount you borrow.

Lower your monthly payments: Choose a term up to 40 years

With a capital repayment mortgage, a longer term could reduce your monthly payments to help you get on the ladder – although keep in mind, you will pay more interest overall. You may be able to reduce your term in the future, simply give us a call.

Be offer ready: Get an Agreement in Principle that lasts 6 months

An AIP is a document that shows what we could lend you before you apply for a mortgage, so you can make an offer as soon as you find the perfect place.

Feel more confident: Talk to our experienced team, 7 days a week

Our friendly team will advise on our best mortgage for you and help you feel more confident throughout your first home-buying process – just give us a call.

Save money: Avoid unnecessary fees

  1. We’ll cover the cost of standard valuations on the property you’re buying
  2. No booking fees on some mortgages, or fixed at £490, fees are non-refundable but can be transferred to another deal for up to six months
  3. No charges for support and advice from our advisors.

Look to the future: Don’t pay to overpay

We don’t cap/limit your overpayment allowance like some other lenders – it’s simply not fair to do it. Once you're settled in your first home know you can make overpayments towards your mortgage, unlimited overpayments could mean you could reduce the overall interest you pay in the future.

An overpayment may be subject to an Early Repayment Charge if the mortgage account is repaid in full during the fixed rate period.

See our range of mortgages

Sums done...

Now let’s help you get offer-ready

Great homes are moving fast. Be ready to make an offer from the minute that property alert pings. This is where an Agreement in Principle comes in. It’s not a legal document and it won’t affect your credit score – but it will show that you’re serious about buying. With the property market moving at such a pace, you might find you miss out on properties if you don’t have your AIP ready before viewing.

Contact us today

Get an AIP that lasts 6 months
Talk to our mortgage team today and get your Agreement in Principle arranged. You’ll need details of your income and outgoings to hand

New to first direct

0800 48 24 48

Mon to Sat 8am - 8pm and Sun 9am - 8pm

Existing 1st Account holders:

03 456 100 103

Mon to Sat 8am - 8pm and Sun 9am - 8pm

Helpful guides for First time buyers


Before you start looking for your dream home

Where do I start my house hunt? Decide where you want to live