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First time buyer mortgages
We have a range of fixed rate mortgages available which are suitable for first time buyers.At Family Building Society we can assist with a mortgage if you are a First Time Buyer. The minimum property value we would consider is £120,000 in England and Wales.
We have a number of mortgage products available. Take a look at our current range of mortgage products below.
Who can apply?
You can apply if you are aged 18 or over.
How do I apply?
- Step 1 - Start by contacting our New Business Team on 03330 140140 or by using the Call Me Back form. They’ll go over some basic information with you including how much you would like to borrow. They’ll need to know about your income and outgoings to make sure you can afford the mortgage and they’ll check that the mortgage meets our lending criteria.
- Step 2 – After our New Business Team have reviewed your circumstances, they’ll refer you to our Mortgage Advice Team who will go through your circumstances in detail and recommend a suitable product. This advice is free of charge from our in-house team, or you can choose to use your own adviser (they might charge you for this).
- Step 3 – Submit your application along with any supporting documents (there is a list of what’s required on our application form) and the £175.00 Application Fee along with any valuation fee which may apply. There will be further fees associated with the product selected.
- Step 4 – Once the application has been assessed a valuation will be carried and then it will be underwritten and we will provide you with a Mortgage Offer. A copy of this will also be given to your nominated Solicitor who will contact you with some forms to be completed.
- Step 5 – Once your nominated Solicitor has carried out the necessary searches and received the forms back from you we can arrange to send you the funds (this is called “completion”).
Any questions?
If you have any questions and are unsure what mortgage product would be suitable for you can arrange an appointment or speak to a New Business Representative. You can get in touch in the following ways:
Our mortgage products available for first time buyer
Initial interest rate | Current follow on rate | Overall cost for comparison | Repayment or Interest-Only? | Max % Loan to Value (LTV) | Product fees |
Additional benefits |
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4.84% 5 Year Fixed Rate to 28/02/2030 (XF0873) |
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4.84% | 8.19% |
5.7% |
|
80% | £999~ |
£500 cashback for remortgage applications^ |
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Some key features of this mortgage
See full details for fee details, documents you'll need, and more. |
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4.94% JBSP 5 Year Fixed Rate to 28/02/2030 (XF0875) |
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4.94% | 8.19% |
7.0% |
|
80% | £599~ |
£500 cashback for remortgage applications^ |
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Some key features of this mortgage
See full details for fee details, documents you'll need, and more. |
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5.09% Family Mortgage 5 Year Fixed Rate to 28/02/2030 (XF0876) |
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5.09% | 8.19% |
7.1% |
|
95% | £599~ |
£250 cashback for purchase applications^ |
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Some key features of this mortgage
See full details for fee details, documents you'll need, and more. |
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5.29% 2 Year Fixed Rate to 31/01/2027 (XF0867) |
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5.29% | 8.19% |
7.3% |
|
80% | £999~ |
£500 cashback for remortgage applications^ |
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Some key features of this mortgage
See full details for fee details, documents you'll need, and more. |
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5.39% JBSP 2 Year Fixed Rate to 31/01/2027 (XF0869) |
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5.39% | 8.19% |
7.9% |
|
80% | £599~ |
£500 cashback for remortgage applications^ |
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Some key features of this mortgage
See full details for fee details, documents you'll need, and more. |
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6.14% Offset (2.15% discounted rate from follow on rate) for 2 years (XO0072) |
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6.14% | 8.29% |
7.9% |
|
80% | £999~ |
£500 cashback for remortgages and £100 cashback to open and fund linked Offset Saver account^ |
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Some key features of this mortgage
See full details for fee details, documents you'll need, and more. |
Comparing two mortgage products
Note that products are subject to additional terms and subject to change. See a product's full details to find out more.