Compare first-time buyer mortgages

John Charcol

John Charcol 0330 057 5173 £

Cutlers Exchange, 123 Houndsditch London EC3A 7BU

90%

1256 Total reviews

4.82 Average rating

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We know that getting on the property ladder can be tough. That’s why we created this first-time buyer mortgage comparison tool. We’ve made it as easy as possible for you to find the best first-time buyer mortgages on the market. 

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We recommend you sort by True Cost Comparison find out more

We recommend you sort by True Cost Comparison

We suggest you use our ‘True Cost Comparison’ filter. This allows you to accurately understand how different mortgages compare by ordering results based on the total cost over a ‘deal period’, such as a two, or five-year fixed rate mortgage.

Some low interest rate deals might seem attractive, but if fees are higher they might not be the best value for you. When comparing mortgage deals our true cost comparison factors the lender fees over the length of the deal as well as your monthly mortgage payments.

For example, if your repayments are £2,000 per month on a two-year fixed-rate mortgage, plus £500 in lender fees, the total cost of the deal is £48,500.

We've found 176 first-time buyer mortgage deals that match your search

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Product code 00486M
Initial rate 2.54% then 6.2% (variable) ?
Monthly repayments £1,177 ?
Type/Duration Variable ?
Scheme fees £1,780 ?
Cost comparison £39,453 ?

Fees & Charges

Booking fee £299
Arrangement fee £1,306
Valuation fee £0
Other fees £25
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 3.00% of loan amount redeemed to be paid until 30-Sep-2020; then 2.00% of loan amount redeemed to be paid until 30-Sep-2021

Other info

Exit fees £150
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 32 months at 2.54% and then on a variable rate, currently 6.2%, for the remaining 22 years and 4 months would require 32 payments of £1,177.28 and 268 payments of £1,660.37. The total amount payable would be £484,432 made up of the loan amount plus interest (£221,402) and fees (£1,780 which includes exit fees of £150). The overall cost for comparison is 5.3% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 00486E
Initial rate 2.69% then 6.2% (variable) ?
Monthly repayments £1,197 ?
Type/Duration Fixed  until 01/09/2021 ?
Scheme fees £1,780 ?
Cost comparison £40,090 ?

Fees & Charges

Booking fee £299
Arrangement fee £1,306
Valuation fee £0
Other fees £25
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 3.00% of loan amount redeemed to be paid until 30-Sep-2020; then 2.00% of loan amount redeemed to be paid until 30-Sep-2021

Other info

Exit fees £150
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 32 months at 2.69% and then on a variable rate, currently 6.2%, for the remaining 22 years and 4 months would require 32 payments of £1,197.17 and 268 payments of £1,663.01. The total amount payable would be £485,776 made up of the loan amount plus interest (£222,746) and fees (£1,780 which includes exit fees of £150). The overall cost for comparison is 5.4% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 0044XS
Initial rate 2.75% then 4.24% (variable) ?
Monthly repayments £1,205 ?
Type/Duration Fixed  until 01/03/2021 ?
Scheme fees £1,699 ?
Cost comparison £33,033 ?

Fees & Charges

Booking fee £0
Arrangement fee £1,499
Valuation fee £200
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 2.5% of loan amount redeemed to be paid until 31-Mar-2020; then 1.50% of loan amount redeemed to be paid until 31-Mar-2021

Other info

Exit fees £0
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 26 months at 2.75% and then on a variable rate, currently 4.24%, for the remaining 22 years and 10 months would require 26 payments of £1,205.17 and 274 payments of £1,397.35. The total amount payable would be £415,907 made up of the loan amount plus interest (£152,958) and fees (£1,699 which includes exit fees of £0). The overall cost for comparison is 4.3% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 0044Y5
Initial rate 2.75% then 4.24% (variable) ?
Monthly repayments £1,205 ?
Type/Duration Fixed  until 01/03/2021 ?
Scheme fees £1,699 ?
Cost comparison £33,033 ?

Fees & Charges

Booking fee £0
Arrangement fee £1,499
Valuation fee £200
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 2.50% of loan amount redeemed to be paid until 31-Mar-2020; then 1.40% of loan amount redeemed to be paid until 31-Mar-2021

Other info

Exit fees £0
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 26 months at 2.75% and then on a variable rate, currently 4.24%, for the remaining 22 years and 10 months would require 26 payments of £1,205.17 and 274 payments of £1,397.35. The total amount payable would be £415,907 made up of the loan amount plus interest (£152,958) and fees (£1,699 which includes exit fees of £0). The overall cost for comparison is 4.3% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 0027A7
Initial rate 2.76% then 4.24% (variable) ?
Monthly repayments £1,207 ?
Type/Duration Fixed  until 01/03/2021 ?
Scheme fees £1,199 ?
Cost comparison £32,568 ?

Fees & Charges

Booking fee £0
Arrangement fee £999
Valuation fee £200
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 2.50% of loan amount redeemed to be paid until 31-Mar-2020; then 1.40% of loan amount redeemed to be paid until 31-Mar-2021

Other info

Exit fees £0
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 26 months at 2.76% and then on a variable rate, currently 4.24%, for the remaining 22 years and 10 months would require 26 payments of £1,206.51 and 274 payments of £1,397.47. The total amount payable would be £415,475 made up of the loan amount plus interest (£153,026) and fees (£1,199 which includes exit fees of £0). The overall cost for comparison is 4.4% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 0027A8
Initial rate 2.76% then 4.24% (variable) ?
Monthly repayments £1,207 ?
Type/Duration Fixed  until 01/03/2021 ?
Scheme fees £1,199 ?
Cost comparison £32,568 ?

Fees & Charges

Booking fee £0
Arrangement fee £999
Valuation fee £200
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 2.50% of loan amount redeemed to be paid until 31-Mar-2020; then 1.40% of loan amount redeemed to be paid until 31-Mar-2021

Other info

Exit fees £0
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 26 months at 2.76% and then on a variable rate, currently 4.24%, for the remaining 22 years and 10 months would require 26 payments of £1,206.51 and 274 payments of £1,397.47. The total amount payable would be £415,475 made up of the loan amount plus interest (£153,026) and fees (£1,199 which includes exit fees of £0). The overall cost for comparison is 4.4% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 003TIT
Initial rate 2.79% then 6.2% (variable) ?
Monthly repayments £1,211 ?
Type/Duration Fixed  until 01/03/2021 ?
Scheme fees £1,780 ?
Cost comparison £33,254 ?

Fees & Charges

Booking fee £299
Arrangement fee £1,306
Valuation fee £0
Other fees £25
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 3.00% of loan amount redeemed to be paid until 31-Mar-2019; then 3.00% of loan amount redeemed to be paid until 31-Mar-2020; then 2.00% of loan amount redeemed to be paid until 31-Mar-2021

Other info

Exit fees £150
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 26 months at 2.79% and then on a variable rate, currently 6.2%, for the remaining 22 years and 10 months would require 26 payments of £1,210.53 and 274 payments of £1,674.32. The total amount payable would be £492,018 made up of the loan amount plus interest (£228,987) and fees (£1,780 which includes exit fees of £150). The overall cost for comparison is 5.8% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 238
Initial rate 2.8% then 3.24% (variable) ?
Monthly repayments £1,212 ?
Type/Duration Fixed  until 01/04/2022 ?
Scheme fees £115 ?
Cost comparison £47,378 ?

Fees & Charges

Booking fee £0
Arrangement fee £0
Valuation fee £0
Other fees £35
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 3.00% of loan amount redeemed to be paid until 30-Apr-2022

Other info

Exit fees £80
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 39 months at 2.8% and then on a variable rate, currently 3.24%, for the remaining 21 years and 9 months would require 39 payments of £1,211.87 and 261 payments of £1,264.78. The total amount payable would be £377,486 made up of the loan amount plus interest (£116,121) and fees (£115 which includes exit fees of £80). The overall cost for comparison is 3.2% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 00037G
Initial rate 2.89% then 5.74% (variable) ?
Monthly repayments £1,224 ?
Type/Duration Fixed  until 01/03/2021 ?
Scheme fees £1,139 ?
Cost comparison £31,739 ?

Fees & Charges

Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 6 months interest until 01-Mar-2021

Other info

Exit fees £140
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 25 months at 2.89% and then on a variable rate, currently 5.74%, for the remaining 22 years and 11 months would require 25 payments of £1,223.98 and 275 payments of £1,609.79. The total amount payable would be £474,431 made up of the loan amount plus interest (£212,042) and fees (£1,139 which includes exit fees of £140). The overall cost for comparison is 5.2% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

Product code 00486C
Initial rate 2.89% then 6.2% (variable) ?
Monthly repayments £1,224 ?
Type/Duration Fixed  until 01/09/2021 ?
Scheme fees £474 ?
Cost comparison £39,641 ?

Fees & Charges

Booking fee £299
Arrangement fee £0
Valuation fee £0
Other fees £25
Cashback £0

Flexibility

Max LTV 95%
Overpayments allowed? Yes
Early Repayment charges 3.00% of loan amount redeemed to be paid until 30-Sep-2020; then 2.00% of loan amount redeemed to be paid until 30-Sep-2021

Other info

Exit fees £150
Basic legals Payable

Representative example: A mortgage of £261,250 payable over 25 years on a repayment basis, initially on a fixed rate for 32 months at 2.89% and then on a variable rate, currently 6.2%, for the remaining 22 years and 4 months would require 32 payments of £1,223.98 and 268 payments of £1,666.48. The total amount payable would be £486,258 made up of the loan amount plus interest (£224,534) and fees (£474 which includes exit fees of £150). The overall cost for comparison is 5.3% APRC representative.

More info

Speak to a mortgage expert on 0344 346 3672 or Enquire now

View more mortgages

When choosing the best first-time buyer mortgage, expertise counts

When arranging a mortgage for the first time it's important to remember that the best mortgage rates for first-time buyers aren’t necessarily the lowest rates.

Most of the deals shown on this page are exclusive to independent brokers like John Charcol. Once you’ve compared rates, you should contact our mortgage experts to find the best first-time buyer mortgage for you.

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