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First time buyers

Our range of mortgages for First Time Buyers, has temporarily been restricted to those up to 80% loan to value (LTV)

Try our mortgage calculator

How much can I borrow?

How much can I borrow and what would it cost?

Our mortgage calculator is designed to show you how much you could potentially borrow and how much your monthly payments would be. The amount is based solely on your income without deducting household expenses and financial commitments. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Gross annual income

 

Mortgage details

 

Payment options

Your monthly repayments

 
Range dependent on the products in the comparison list below

Mortgages for first time buyers

Variable Rate Mortgages
Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

2 Year Discount

2.39% 4.7% APRC 90% £499 View
for 24 months
find out more

Representative example

A Mortgage of  £175,752.00, payable over 13 years and 7 months (163 months) initially on a discounted rate for 2 years (24 months) of 2.39% and then on our current standard variable rate of 5.34% for the remaining 11 years and 7 months (139 months) would require 24 monthly payments of £1,263.77 then 139 monthly payments of £1,481.37. The total amount payable would be £237,361.12 made up of the loan amount plus interest (£60,855.12), £499.00 completion fee, £30.00 CHAPS fee, legal fees of £105.00 and a mortgage exit administration fee of £120.00. The overall cost for comparison is 4.7% representative APRC.

Fixed Rate Mortgages
Product Initial rate Overall cost for
comparison
Max % LTV Completion fee Representative
Example
Mortgage
repayment

3 Year Fixed

2.19% 4.5% APRC 80% £999 View
for 36 months
find out more

Representative example

A Mortgage of  £162,384.00, payable over 19 years and 2 months (230 months) initially on a fixed rate for 3 years (36 months) of 2.19% and then on our standard variable rate of 5.34% for the remaining 16 years and 2 months (194 months) would require 36 monthly payments of £865.16 then 194 monthly payments of £1,088.49. The total amount payable would be £244,080.61 made up of the loan amount plus interest (£80,222.61) with a £999.00 completion fee, £220.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.5% representative APRC.

3 Year Fixed

2.79% 4.7% APRC 90% £999 View
for 36 months
find out more

Representative example

A Mortgage of  £148,082.00, payable over 18 years and 9 months (225 months) initially on a fixed rate for 3 years (36 months) of 2.79% and then on our current standard variable rate of 5.34% for the remaining 15 years and 9 months (189 months) would require 36 monthly payments of £845.98 then 189 monthly payments of £1,012.82. The total amount payable would be £223,708.02 made up of the loan amount plus interest (£74,172.02) with a £200.00 valuation fee, £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.7% representative APRC.

5 Year Fixed

2.59% 4.1% APRC 80% £0 View
for 60 months
find out more

Representative example

A Mortgage of  £153,111.00, payable over 18 years and 11 months (227 months) initially on a fixed rate for 5 years (60 months) of 2.59% and then on our standard variable rate of 5.34% for the remaining 13 years and 11 months (167 months) would require 60 monthly payments of £853.88 then 167 monthly payments of £1,016.59. The total amount payable would be £221,608.18 made up of the loan amount plus interest (£68,242.18) and a £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.1% representative APRC.

How to apply...

The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.

There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you: