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Buying your first home

First time buyer mortgage

Here to help you make the big move

Find out what we could offer you

Step 1
  • Our Agreement in Principle provides a personalised indication of how much you could borrow
  • Will not impact your credit score
  • Takes less than 10 minutes
  • Shows your estate agent that you are a serious buyer

Ready to apply for your new mortgage?

Step 2
  • Apply online today, or contact us if you'd like support
  • Save progress and come back whenever you like
  • Upload, submit and sign all of your documents online

Or use our calculator to find out how much you could borrow

Get a rough idea of how much we might be able to lend you, see our rates, the monthly payments and find out about any fees involved.

You could buy your first home with just a 5% deposit

With our new range of 95% mortgages, you could be buying your first home sooner than you imagined.

Exclusions & eligibility criteria apply. Supported by the UK Government's mortgage guarantee scheme.

Stamp Duty discount ends 30th September 2021

What is a first time buyer mortgage?

First time buyer mortgages are for people who are new to the housing market.

Generally, you are considered a first time buyer if you’re buying a property you plan to live in as your main residence and you’ve never owned a property before.

  • You can learn more about first time buyer mortgages in our FAQs
  • Alternatively, if you're completely new to mortgages, you can find out more about what they are and how they work

Do first time buyers pay Stamp Duty?

If you’re a first time buyer, you could get a discount on Stamp Duty, depending on where in the UK you are buying.

For example, in England and Northern Ireland you won’t need to pay any Stamp Duty if the house you’re buying costs £300,000 or less. 

First time buyer schemes

We have qualified mortgage advisers available to help answer any questions and guide you through the process.

95% mortgages

A mortgage with as little as a 5% deposit

Saving money for a mortgage deposit can be tricky. Therefore, a good option for buying a property may be a 95% mortgage which allows for a deposit as low as 5%.

Exclusions & eligibility criteria apply. Supported by the UK Government's mortgage guarantee scheme. 

Cashback mortgages

£350 cashback on selected mortgages (criteria applies)

We’ll give your solicitor £350 cashback on the day you drawdown your mortgage.

This offer is only available on selected mortgages marked with 'cashback' and can be changed or withdrawn at any point. Early repayment charges may apply. Max loan to value (LTV) of 90%.

Green mortgages

Go green and you could save money on your mortgage

Our guide for first time home buyers

It's an exciting time but it can also be quite stressful. Don't worry, we can give you as much help and mortgage advice as you need. 

We have a first time buyer cheat sheet which helps you understand what to expect as you go through the home buying process. It also has great tips to help you make the big move.

Alternatively, we have a simple guide to help you apply for a mortgage and buy your first home.

NatWest was awarded Best Online Mortgage Lender 2021 by 'Your Mortgage'

5 chances to win £5,000 Cash

Enter our free prize draw using the online entry form for a chance to win one of our 5 prizes of £5,000 in cash.

Closing date 13th Sept 2021. One entry per person. Five prizes available – one prize per winner. UK residents & over 18s only. Excludes Northern Ireland.

Terms and conditions apply

First time buyer mortgages – Frequently asked questions

Need some help or want to talk to a qualified mortgage professional?

Call us

Something else we can help you with?