What is a first time buyer mortgage?

First time buyers can choose from our range of home buyer mortgages. These include fixed, tracker and offset products.

We sometimes have products specifically for first time buyers too.

 

 Why get a first time buyer mortgage with YBS?

Cashback on selected 5% and 10% deposit mortgages  
Some of our first time buyer or home buyer mortgages come with £2,000 cashback. You’ll need to borrow at least £100,000 to get these deals.

You’ll need to meet our lending criteria. If you meet this, we’ll decide if we can offer you a mortgage.

Cashback is paid to your solicitor when your mortgage completes. Early repayment charges and other fees and charges apply.
Free standard valuation with selected deals
We’ll cover the cost of your first standard valuation. This is a check to give us guidance on the value of the property. This is different from a survey or a homebuyers’ valuation.

If the loan amount changes, you may need to pay for a second valuation.
No product fees on selected deals
Some of our mortgages come with no product fees. Early repayment charges and other fees and charges apply.

How to get a mortgage

Number 1

Get a Decision in Principle (DIP)

Get a Decision in Principle (DIP) to find out how much you could borrow. Choose how to get a DIP below.

You may need a DIP to make an offer on a home.  
Number 2

Apply for a mortgage

Complete a full application online or over the phone. 

If you have less than 10% deposit, you'll need to apply over the phone. 
Number 3

Get your mortgage offer

We'll value your home and check your credit history. Then we'll be in touch within 15 working days.
Number 4

Complete

Once the legal work is complete, you'll exchange contracts and set a completion date. 

This is when you'll get the keys to your new home.

Get a Decision in Principle

Apply online

Instant decision
Valid for 30 days
Doesn't affect your credit score
Find out if you can apply online and start our 10 minute application.

Speak to an expert

Talk to our mortgage specialists.
9am to 5pm Monday to Friday
9am to 1pm Saturday
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.

Learn more about mortgages

Find more about first time buyer mortgages in our helpful guide, including:
Key steps in the home-buying journey.
A quick guide to mortgages.
Tips on how to work out what you can afford.
woman on phone wearing orange jumper
men with binoculars

What types of mortgage can I get?

First time buyers can get a fixed rate or tracker mortgage. 
Compare deals and interest rates on our mortgage finder

How much can I borrow?

Our borrowing calculator can tell you how much we may be able to lend to you.
woman smiling in kitchen
Call us
Chat to our mortgage specialists about your options.
9am to 5pm Monday to Friday
9am to 1pm Saturday
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.
Book an appointment
Book an appointment and we'll call you back.