About first time buyers
In recent years it has not been an easy market for first time buyers. At Kingsway, our in-depth market knowledge means we can help you find some of the best deals available.
With so much experience in the area, we can help guide you smoothly through the entire process.
A young couple approached us requiring an 85% mortgage. Both of them worked, but one of them was on maternity leave and so they wanted lower payments in the first couple of years. With the help of Kingsway, the lender accepted that the mother would be returning to work and agreed to use her full salary, as well as extending the mortgage’s term to 35 years in order to lower the initial payments.
Call our First Time Buyer Team on
020 7383 4181
Best buy table
First time buyers
|Initial Rate||APR||Description||Early Redemption Charge||Lenders setting up costs|
|0.99%||4.5%||Discounted rate for 2 years||2% for 2 years||£2149 lenders fee. Max 80% loan to value.|
|1.29%||4.1%||Fixed for 2 years||2% in year 1 & 1% in year 2||£1395 lenders fee. Max 60% loan to value.|
|1.64%||1.7%||Variable rate for the term of the mortgage||None||£999 lenders fee. Max 50% loan to value|
|1.83%||3.7%||Fixed until 30/06/2023||5% until 30/06/2020 followed by 4% until 30/06/2021, 3% until 30/06/2022 and 2% until 30/06/2023||£1995 lenders fee. Max 60% loan to value|
|2.49%||2.9%||Fixed rate until 30/04/2021||3% until 30/04/2021||£0 lenders fee. Max 95% loan to value. Springboard.|