Mortgages – First time buyers

Mortgages - First-time Buyers

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.

Case Study

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
1.38% 3.8% Bank base rate plus 0.63% until 30/06/2021 1.3% until 30/06/2020 followed by 0.8% until 30/06/2021 £999 lenders fee. Max 60% loan to value.
1.44% 3.8% Fixed until 30/06/2021 2% until 30/06/2020 followed by 1% until 30/06/2021 £995 lenders fee. Max 60% loan to value.
1.81% 3.3% Fixed until 31/07/2024 5% until 31/07/2021 followed by 4% until 31/075/2022, 3% until 31/075/2023, 2% until 31/07/2024 and 1% until 31/07/2024 £1499 lenders fee. Max 60% loan to value
1.95% 2% Variable rate for the term of the mortgage None £999 lenders fee. Max 50% loan to value
2.54% 5.6% Discounted rate until 30/09/2021 3% until 30/09/2020, followed by 2% until 30/09/2021 0.5% lenders fee plus £299 booking fee. Max 95% loan to value. Family step mortgage.