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First time buyer mortgages

Getting the keys to your first home should be a big deal.

Unlike the application process leading up to it.

Your home may be repossessed if you do not keep up repayments on your mortgage

Helping first time buyers

New can be scary. As a first-time buyer the whole process is new to you, which can be intimidating. Our first-time buyer mortgage products give you the benefit of our years of experience as a lender. We'll be there on your journey to offer advice. Our advisors can help you find the right mortgage for you, and our mortgage calculator and other online tools can help you to steer your course.

The benefits our first-time buyer mortgages provide

Our first-time buyer mortgage products are designed to reassure and reward you, to help make the process of getting your first mortgage as pleasant and enjoyable as possible. To qualify for a Yorkshire Bank first time buyer mortgage, you must be aged 18 or over. At least one party to the mortgage should never have had a mortgage or not had a mortgage in the last 12 months. All loans are subject to status and security will be required.

  • £250 cashback* - Get £250 cashback on mortgage drawdown with our first-time buyer mortgage products.
  • Fixed interest rates - Have the comfort of knowing what your monthly repayments will be for your fixed term.
  • Expert advice - Get the right help and advice you need to help you find the right mortgage.
  • Home insurance discount - Get a no claims discount on our home and contents insurance, provided by RSA.**
  • No arrangement fee. Other charges may apply.
  • Free standard valuation.

* Available on mortgage loans less than £999,999.

** Applies to new home insurance customers who have not claimed on their home insurance in the past 4 years and may not be used in conjunction with any other offer.

Representative example

A mortgage of £100,680 payable over 34 years, initially on a fixed rate of 2.89% for 3 years and then our Standard Variable Rate, currently 4.70%, for the remaining 31 years. This would require 38 monthly payments of £387.92 and then 369 monthly payments of £486.34 plus one final payment of £492.95.

The total amount payable would be £194,888.37 made up of the loan amount plus interest (£94,013.37), arrangement fee (£0), valuation fee (£0), CHAPS/telegraphic transfer fee (£0) and security release fee (£195).

The overall cost for comparison is 4.4% APRC representative.

Our first time buyer mortgages

Please review our table of first-time buyer mortgage products from our range. Other mortgages are available for those buying their first home, however some of the above first time buyer mortgage product benefits will not apply.

Find out more about our first time buyer mortgages

Enquire online

Arrange a branch or phone appointment with one of our mortgage advisors.

Complete our online form and we'll call you back to discuss your enquiry.

Enquire online

Help with your first time

Saving for your mortgage deposit?

We know saving for a deposit for your first home is difficult. With a Help to Buy ISA, the government will pay a bonus of 25% on account balances between £1,600 and £12,000 when you purchase your first home in the UK. Terms and conditions apply, this bonus amount is paid directly to the conveyancer and is not released if the house purchase is not completed. Only available for house purchases under £250K (or under £450K in London). Withdrawing from your ISA will reduce your balance saved and impact the bonus the government will pay.

Please refer to our Help to Buy: ISA webpage for more details*

* There are eligibility criteria and terms & conditions for the Help to Buy: ISA. The account holder must be a UK resident. The product is only available to first time buyers who have never owned a property.

You can also refer to www.helptobuy.gov.uk to understand more about the benefits provided by the government.


More help with mortgages

Girl planning her new home

Supporting you on your journey

We’ve created a range of tools and guides to help you understand the mortgage process.

Find out more about the mortgage journey

Family

Financial aspects to consider

Make sure you’re aware of the costs of buying a home and how many factors can influence the mortgage rate you get.

Find out more about financial aspects

Ready to apply?

Found a product you're interested in? Arrange a branch or phone appointment with one of our mortgage advisors.

Call to book an appointment
0800 023 2201

Not got time to talk right now?

Complete our online form and we'll call you back to discuss your enquiry.

Enquire online

Need more information

Our advisors are on hand to help with your mortgage queries.

Live chat with an advisor

Or call us on:
0800 023 2201

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