First time buyers

Taking your first step on the property ladder is an exciting experience, but we know it can sometimes be overwhelming.

That’s why we’ve designed a new range of mortgages just for first time buyers like you, which could let you borrow the amount you need so you don’t have to compromise on your property ‘must-haves’— that cosy kitchen diner or maybe an extra bedroom.

Take a look at our mortgage calculator to see if we can help you get the home you really want.

Mortgage Calculator

Find out how much I can borrow

Find out how much we could lend you as well as how much your monthly repayments might be.

These monthly payments are estimated based on the information you provide and will not take into account any mortgage fees and charges that may also be incurred and need to be paid.

What do you want to do?

How to apply

If you are a first time buyer, home mover or looking to remortgage, you can start your application online and a qualified Mortgage Adviser will give you a call to go through the details

Subject to status and lending criteria 

Request a call back from your local Mortgage Adviser who can arrange a convenient time to discuss your mortgage needs face to face, by phone or via video

Find out what information you’ll need to have to hand
 

To talk to us about a new mortgage, call us on
0800 056 1088

Lines are open Monday to Friday 8am to 8pm and 9am to 2pm on Saturday.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Home buyer guide

A quick overview of the home buying process and how to prepare for a mortgage application

 
 
 

First time buyer guide

A detailed guide to buying - from saving for a deposit and applying for a mortgage to making an offer and appointing a solicitor

 
 
 

Environmental impact

At TSB we are very mindful of the environmental impact of moving home and how it affects carbon dioxide (CO2) emissions. For every residential house move that we provide a mortgage for, we pledge to plant a tree to help offset the carbon footprint of the move. To find out more you can visit www.eforests.co.uk/tsb

Stamp Duty

Learn about Stamp Duty Land Tax and understand how to calculate it with our complete Stamp Duty Guide

Mortgage deals for first time buyers

All our First Time Buyer mortgages revert to a follow-on tracker rate at the end of the agreed period for the remainder of the mortgage term

2 year fixed rate

After your first payment, your regular payments will stay the same each month for the agreed period with a 2 year fixed rate.

3 year fixed rate

After your first payment, your regular payments will stay the same each month for the agreed period with a 3 year fixed rate.

5 year fixed rate

After your first payment, your regular payments will stay the same each month for the agreed period with a 5 year fixed rate.

10 year fixed rate

After your first payment, your regular payments will stay the same each month for the agreed period with a 10 year fixed rate.

5 year stepped down rate

Your mortgage payments will go down three times after your initial payment during the five year fixed rate period. Your monthly payments are fixed for the duration of each step.

2 year tracker rate

The 2 year tracker rate you’re free to leave at any time without  paying an Early Repayment Charge. This rate tracks the Bank of England Base Rate (BBR), so your monthly repayments could go up or down depending on how the BBR moves.

3 year Fix and Flex

The three year fixed rate mortgage you're free to leave after two.

Could help you manage your repayments in the long-run, without the long-term tie-in.

5 year Fix and Flex

The five year fixed rate mortgage you're free to leave after three.

Could help you manage your repayments in the long-run, without the long-term tie-in.

10 year Fix and Flex

The ten year fixed rate mortgage you're free to leave after five.

Could help you manage your repayments in the long-run, without the long-term tie-in.

Before you apply

Did you know you:

 
  • Must be at least 18 years old to apply for a mortgage

  • Can apply for a mortgage on your own, even for a joint mortgage application

  • Can get an agreement in principle before you've found the place you want to buy

  • Lending limits are subject to the availability of suitable products at any given time and the ability to undertake either an Automated or Desktop Valuation whilst it is not possible for valuers to gain access to properties

How to apply

We need to talk you through your mortgage application, but you can save time by starting the process online. It'll take about 20 minutes, and then one of our mortgage experts will call you back at a time to suit you to complete the process. Or you can call us and speak to an advisor directly, or book an appointment to see one of our advisors at your nearest branch.

You'll need to have the following details to hand:

  • Your last three months' payslips

  • Your last three months' bank statements if you want any other income to be considered (for example rental or investments) and as a reminder of your outgoings

  • If you already have an existing mortgage elsewhere, your last year's mortgage statements

  • If you're applying for an interest-only mortgage, any repayment vehicle details that you want to use (e.g. endowment policy, investments, ISAs)

  • If you're self-employed, minimum 2 years’ finalised figures

  • If your mortgage is to extend past your stated or state retirement age, up-to-date forecasts for any state, company and personal pensions

  • And, if you've already got your heart set on a property, bring along the sales particulars

  • Details of any loans you currently hold, including student loans and car payments

 

Request a call back from your local Mortgage Adviser who can arrange a convenient time to discuss your mortgage needs face to face, by phone or via video

Find out what information you’ll need to have to hand
 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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