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|
|1.15%||3.8%||Bank base rate plus 0.40% until 31/03/2022||2% until 31/03/2021 followed by 1% until 31/03/2022||£999 lenders fee. Max 60% loan to value.|
|1.17%||3.8%||Fixed until 31/03/2022||2% until 31/03/2021 followed by 1% until 31/03/2022||£999 lenders fee. Max 60% loan to value.|
|1.26%||3.8%||Bank base rate plus 0.51% until 31/01/2022||2% until 31/03/2021 followed by 1% until 31/03/2022||£999 lenders fee. Max 75% loan to value|
|1.46%||3.2%||Fixed until 31/03/2025||5% until 31/03/2021 followed by 4% until 31/03/2022, 3% until 31/03/2023, 2% until 31/03/2024 & 1% until 31/03/2025||£999 lenders fee. Max 60% loan to value|
|2.69%||5.3%||Discounted rate for two years||2% in year one & 1% in year two||Max 95% loan to value.|