Mortgages for first time buyers

Helping you onto the property ladder

  • New! 95% mortgages with a minimum 5% deposit
  • £1,000 cashbackFootnote 1* with our First Time Buyer mortgages
  • One free standard valuation
  • A range of mortgages available, including Fee Saver options

Footnote 1*[1]Terms and conditions apply

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

Mortgage calculator

Find out how much you may be able to borrow for your first home.

Learn more about how much you may be able to borrow for your first home.

Help onto the property ladder

You could buy your first home with three other loved ones or friends providing you all live in the property.

Learn more helping you onto the property ladder

Step-by-step process described

We know buying your first home can be daunting. Our guide helps to explain the process.

Learn more about the process for first time buyers

Mortgage types explained

Fixed or tracker? Read about the different types of mortgage that we offer

Learn more about the different mortgage types

Repayments calculator

Use our tool to estimate your monthly payments.

Learn more to estimate your monthly payments.

Contact us

There's some important information you'll need to provide when you contact us.

You can call us on 0800 923 1536. Lines are open 8am-8pm Monday to Friday and 9am-1pm Saturday (excluding bank holidays). Calls may be recorded.

FAQs

How much do I need to save for my deposit?

The minimum deposit you’ll need is 5% of the purchase price. However, if you can contribute a larger deposit, you may be able to benefit from a more attractive interest rate.
Please note that the minimum deposit required differs for new build properties – please contact us to discuss your requirements.

What other costs do I need to think about?

Depending on the property you choose to call home, there are a few other costs to consider. Our article, What else to budget for, details some of the other costs associated with moving into your new home and may help with planning your big move.

What is a Decision in Principle?

A Decision in Principle, often called a ‘DIP’, is an agreement in principle that outlines how much you may be able to borrow, based upon your personal information and a soft credit check. Our article, What is a Decision in Principle, details how the process works and how it can help with your first steps onto the property ladder.

M&S Home Insurance

Find out about M&S Home Insurance, underwritten by Aviva Insurance Limited

Find out moreabout M&S Home Insurance

Ready to apply?

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