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First time buyers

Our range of mortgages, specifically designed for First Time Buyers, mean you could borrow up to 95% of the purchase price.  If you have a larger deposit, there'll be other mortgages in our range available to you.

Try our mortgage calculator which is designed to show you how much you could potentially borrow, which products are available to you and how much your monthly payment would be.

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

2.19% 4.6% APRC 80% £0 View
for 24 months
find out more

Representative example

A Mortgage of  £157,290.00, payable over 13 years and 10 months (166 months) initially on a discounted rate for 2 years (24 months) of 2.19% and then on our current standard variable rate of 5.34% for the remaining 11 years and 10 months (142 months) would require 24 monthly payments of £1,099.15 then 142 monthly payments of £1,307.24. The total amount payable would be £212,540.36 made up of the loan amount plus interest (£54,995.36), £30.00 CHAPS fee, legal fees of £105.00 and a mortgage exit administration fee of £120.00. The overall cost for comparison is 4.6% representative APRC.

3 Year Discount

2.49% 4.4% APRC 85% £499 View
for 36 months
find out more

Representative example

A Mortgage of  £157,290.00, payable over 13 years and 10 months (166 months) initially on a discounted rate for 3 years (36 months) of 2.49% and then on our current standard variable rate of 5.34% for the remaining 10 years and 10 months (130 months) would require 36 monthly payments of £1,121.04 then 130 monthly payments of £1,294.97. The total amount payable would be £209,775.42 made up of the loan amount plus interest (£51,731.42) and a £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.4% representative APRC.

3 Year Discount

3.15% 4.7% APRC 90% £699 View
for 36 months
find out more

Representative example

A Mortgage of  £157,290.00, payable over 13 years and 10 months (166 months) initially on a discounted rate for 3 years (36 months) of 3.15% and then on our current standard variable rate of 5.34% for the remaining 10 years and 10 months (130 months) would require 36 monthly payments of £1,170.14 then 130 monthly payments of £1,306.34. The total amount payable would be £213,305.21 made up of the loan amount plus interest (£55,061.21) and a £699.00 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.

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

2 Year Fixed

2.95% 5.0% APRC 85% £499 View
for 24 months
find out more

Representative example

A Mortgage of  £142,071.00, payable over 19 years 2 months (230 months) initially on a fixed rate for 2 years (24 months) of 2.95% and then on our standard variable rate of 5.34% for the remaining 17 years 2 months (206 months) would require 24 monthly payments of £809.44 then 206 monthly payments of £970.47. The total amount payable would be £220,435.88 made up of the loan amount plus interest (£77,610.88) with a £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.

Shared Ownership 2 Year Fixed

3.85% 5.3% APRC 95% £499 View
for 24 months
find out more

Representative example

A Mortgage of  £80,411.00, payable over 23 years and 4 months (280 months) initially on a fixed rate for 2 years (24 months) of 3.85% and then on our current standard variable rate of 5.34% for the remaining 21 years and 4 months (256 months) would require 24 monthly payments of £435.66 then 256 monthly payments of £497.91. The total amount payable would be £138,922.89 made up of the loan amount plus interest (£57,757.89) and a £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.3% representative APRC.

3 Year Fixed

2.39% 4.6% APRC 80% £499 View
for 36 months
find out more

Representative example

A mortgage of  £142,071.00, payable over 19 years 2 months (230 months) initially on a fixed rate for 3 years (36 months) of 2.39% and then on our standard variable rate of 5.34% for the remaining 16 years 2 months (194 months) would require 36 monthly payments of £770.55 then 194 monthly payments of £954.79. The total amount payable would be £213,995.75 made up of the loan amount plus interest (£71,170.75) with a £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.6% representative APRC.  

5 Year Fixed

2.79% 4.3% APRC 80% £499 View
for 60 months
find out more

Representative example

A mortgage of  £142,071.00, payable over 19 years 2 months (230 months) initially on a fixed rate for 5 years (60 months) of 2.79% and then on our standard variable rate of 5.34% for the remaining 14 years  2 months (170 months) would require 60 monthly payments of £798.21 then 170 monthly payments of £940.39. The total amount payable would be £208,833.57 made up of the loan amount plus interest (£66,008.57) and £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.3% representative APRC. 

5 Year Fixed

3.20% 4.5% APRC 85% £499 View
for 60 months
find out more

Representative example

A mortgage of  £142,071.00, payable over 19 years 2 months (230 months) initially on a fixed rate for 5 years (60 months) of 3.20% and then on our standard variable rate of 5.34% for the remaining 14 years 2 months (170 months) would require 60 monthly payments of £827.17 then 170 monthly payments of £948.46. The total amount payable would be £211,989.74 made up of the loan amount plus interest (£69,164.74) and a £499.00 completions 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.     

5 Year Fixed

3.89% 4.8% APRC 90% £0 View
for 60 months
find out more

Representative example

A mortgage of  £142,071.00, payable over 19 years 2 months (230 months) initially on a fixed rate for 5 years (60 months) of 3.89% and then on our standard variable rate of 5.34% for the remaining 14 years 2 months (170 months) would require 60 monthly payments of £877.28 then 170 monthly payments of £961.69. The total amount payable would be £216,828.29 made up of the loan amount plus interest (£74,502.29) and a £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.8% representative APRC.  

Shared Ownership 5 Year Fixed

4.15% 5.0% APRC 95% £0 View
for 60 months
find out more

Representative example

A Mortgage of  £80,411.00, payable over 23 years and 4 months (280 months) initially on a fixed rate for 5 years (60 months) of 4.15% and then on our current standard variable rate of 5.34% for the remaining 18 years and 4 months (220 months) would require 60 monthly payments of £448.78 then 220 monthly payments of £492.83. The total amount payable would be £135,874.03 made up of the loan amount plus interest (£55,208.03) and a £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% 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: