Compare First Time Buyer Rates
First Time Buyers
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First-time buyers

First-time buyers are struggling to get onto the property ladder as they now require a much larger deposit than in recent years.

Lenders have become increasingly nervous about lending money to borrowers with a small deposit, following the recent credit crunch, and 100% and 90% mortgages are no longer in abundance. For a while, only those with a deposit of at least 25% were able to take out a mortgage.

However, the outlook is now improving and 90% and 100% mortgages are creeping back onto the market. Of course, the smaller the deposit you have, the less competitive interest rate you'll receive.

You can compare first-time buyer mortgage deals in our tables below.

 
 
Lender Initial Rate Duration Standard Rate Overall Cost For Comparison Max Loan To Value Fee
1.99%2 years3.94%3.7% APR60%£1499
2.45%2 years5.69%5.4% APR75%£999
2.49%2 years4.99%4.7% APR70%£499
2.59%2 years5.64%5.1% APR75%£990
2.59%3 Years4.99%4.4% APR60%£598
2.65%3 years5.49%4.8% APR75%Nil
2.65%2 Years5.69%5.5% APR75%£999
2.69%2 years4.99%5% APR75%£795
2.74%To Mar 20144.99%4.8% APR75%Nil
2.89%2 years4.99%4.7% APR75%£795
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