First time buyers

The Loughborough’s range of mortgages, specially designed for First Time Buyers, mean you could borrow up to 95% of the value of the property you want to buy. If you have a larger deposit, there will 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 payments would be.

Helpful Information

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

Applicant 1

Applicant 2 (if applicable)

You could borrow up to:

Mortgage details

Property value

Your deposit

Mortgage term

Your loan-to-value (LTV)

Payment options

Repayment Interest only

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

FTB 3 Year Discount

for 36 months

find out more

Other mortgages that may suit you

Product	Initial rate	Overall cost for comparison	Max % LTV	Completion fee	Representative Example	Mortgage repayment
Fixed Rate Mortgages
2 Year Fixed	2.19%	4.5% APRC	90%	£0	View Hide	for 24 months find out more
Representative example A Mortgage of £163,208.00, payable over 26 years (312 months) initially on a fixed rate for 2 years (24 months) of 2.19% and then on our standard variable rate of 4.84% for the remaining 24 years would require 24 monthly payments of £686.68 then 288 monthly payments of £904.04. The total amount payable would be £277,812.12 made up of the loan amount plus interest (£114,129.12) and a £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.
2 Year Fixed	2.19%	4.6% APRC	90%	£300	View Hide	for 24 months find out more
Representative example A Mortgage of £163,208.00, payable over 26 years (312 months) initially on a fixed rate for 2 years (24 months) of 2.19% and then on our standard variable rate of 4.84% for the remaining 24 years would require 24 monthly payments of £687.94 then 288 monthly payments of £905.70. The total amount payable would be £278,521.49 made up of the loan amount plus interest (£114,339.49) with a £199.00 booking fee, £300.00 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 4.6% representative APRC.
3 Year Fixed	3.49%	4.8% APRC	95%	£499	View Hide	for 36 months find out more
Representative example A Mortgage of £163,208.00, payable over 26 years (312 months) initially on a fixed rate for 3 years (36 months) of 3.49% and then on our current standard variable rate of 4.84% for the remaining 23 years would require 36 monthly payments of £806.71 then 276 monthly payments of £919.90. The total amount payable would be £284,063.57 made up of the loan amount plus interest (£118,250.34) and a £200.00 valuation fee, £499.00 completion, £100.00 booking fee, Higher Lending Charge of £1,551.23, £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.
3 Year Fixed	2.69%	4.5% APRC	90%	£399	View Hide	for 36 months find out more
Representative example A Mortgage of £163,208.00, payable over 26 years (312 months) initially on a fixed rate for 3 years (36 months) of 2.69% and then on our current standard variable rate of 4.84% for the remaining 23 years would require 36 monthly payments of £729.66 then 276 monthly payments of £902.79. The total amount payable would be £276,530.16 made up of the loan amount plus interest (£112,348.16) and a £220.00 valuation fee, £100.00 booking fee, £399.00 completion fee, £105.00 legal fees, £120.00 mortgage exit admin fee and £30.00 Chaps fee. The overall cost for comparison is 4.5% representative APRC.
5 Year Fixed	3.99%	4.8% APRC	95%	£99	View Hide	for 60 months find out more
Representative example A Mortgage of £163,208.00, payable over 26 years (312 months) initially on a fixed rate for 5 years (60 months) of 3.99% and then on our standard variable rate of 4.84% for the remaining 21 years would require 60 monthly payments of £849.99 then 252 monthly payments of £917.01. The total amount payable would be £283,238.96 made up of the loan amount plus interest (£117,825.73) with a £100.00 booking fee, £200.00 valuation fee, £99.00 completion fee, £30.00 Chaps fee, Higher Lending Charge of £1,551.23, legal fees of £105.00 and a mortgage exit administration fee of £120.00. The overall cost for comparison is 4.8% representative APRC.
5 Year Fixed	2.99%	4.3% APRC	90%	£300	View Hide	for 60 months find out more
Representative example A Mortgage of £163,208.00, payable over 26 years (312 months) initially on a fixed rate for 5 years (60 months) of 2.99% and then on our standard variable rate of 4.84% for the remaining 21 years would require 60 monthly payments of £754.66 then 252 monthly payments of £893.34. The total amount payable would be £271,599.07 made up of the loan amount plus interest (£107,417.07) with a £199.00 booking fee, £220.00 valuation fee, £300.00 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 4.3% representative APRC.
Variable Rate Mortgages
Product	Initial rate	Overall cost for comparison	Max % LTV	Completion fee	Representative Example	Mortgage repayment
3 Year Discount	2.54%	4.4% APRC	90%	£399	View Hide	for 36 months find out more
Representative example A Mortgage of £178,930.00, payable over 23 years and 9 months (285 months) initially on a discounted rate for 3 years (36 months) of 2.54% and then on our current standard variable rate of 4.84% for the remaining 20 years and 9 months would require 36 monthly payments of £836.76 then 249 monthly payments of £1,031.80. The total amount payable would be £288,498.90 made up of the loan amount plus interest (£108,694.90) and a £220.00 valuation fee, £399.00 completion fee, £30.00 Chaps fee, £105 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.4% representative APRC.

We currently have no mortgages that match your requirements

Please check your values in the calculator or get in touch with our mortgage team below.

Helpful Information

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: