First time buyer mortgage | See our mortgage rates | YBS
First time buyer Mortgages
Take your first step on the property ladder with YBS.
Compare our rates and deals.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
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.
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.
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
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.
You may need a DIP to make an offer on a home.
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.
If you have less than 10% deposit, you'll need to apply over the phone.
Get your mortgage offer
We'll value your home and check your credit history. Then we'll be in touch within 15 working days.
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.
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.
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.
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.