The first time buyer market has reached levels not seen since 2006 and this demand shows no signs of slowing down.

In 2015 we helped nearly 31,000 first time buyers purchase their new home, lending £4.5bn. We continue to offer a range of product solutions to support this important market:

  • First time buyer exclusives with Homebuyer Solution – free standard valuation up to a property value of £2.5 million plus £250 cashback on completion. ERCs apply
  • 95% LTV mortgages available outside of the government’s Help to Buy: mortgage guarantee scheme
  • Free standard valuation up to a property value of £2.5 million on all other purchase products –  saving on average £4301
  • Products with no booking fees or option to capitalise fees – helping with upfront costs

We also support the following government Help to Buy schemes to help your first time buyer and mover clients buy their new home:

  • Help to Buy: equity loan
  • London Help to Buy
  • Help to Buy: ISA

Recently we made changes to the maximum LTV for residential non new build flats to assist this market further:

  • For loans up to and including £350,000 – the maximum LTV increased to 95% (for loans above 90% LTV the applicant cannot own another property on completion of the mortgage)
  • For loans over £350,000 – the maximum LTV remained at 85%

Please give your dedicated contact a call now to discuss any clients you are looking to find a great mortgage deal for.

1 Valuation fee saving based on internal data

 

Aimed at intermediaries and investment professionals only:  Not for public distribution