First-time buyer

 

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Can I apply for a first-time buyer mortgage?

As long as at least one person applying has never owned a property before, you can apply for our first-time buyer mortgages. You also have to be at least 18 years old, and you must pay off your mortgage before you reach 75. If you’re taking out a joint mortgage, it’s the age of the oldest person that’s taken into account.

Generally, you’ll need 10% deposit, but we may offer special deals if you have less. See our mortgage offers If you buy a new-build – that is, a property built less than six months ago, you’ll need to have at least 20% deposit.

Mortgage deals for first time buyers

Help to Buy Mortgage Guarantee Scheme

Lloyds Bank is supporting the Government's Help to Buy Mortgage Guarantee Scheme which provides a guarantee to lenders, enabling them to provide mortgages up to 95% loan to value.

Compare mortgages

Try our borrowing calculator

Help to Buy Equity Loan Scheme - Buying a new build with a 5% deposit

Lloyds Bank is supporting the Government’s Help to Buy: equity loan scheme.

This scheme aims to help both first time buyers and home-movers who have deposits of at least 5% to buy a new build home through offering a shared equity scheme whereby the Government lends up to 20% of the value of the property.

For more details about these schemes and to discuss your mortgage needs you can:

call us on 0800 783 3534,
book an appointment
at a branch,
find out general information about Help to Buy from the Government's website.

Guides and help

As a first-time buyer, choosing a mortgage and understanding all the additional details and steps that go with it can be daunting. Use our guides to help chart the course towards your home purchase.

Why Lloyds Bank?

  • Discounted rates for current account customers.
  • Award-winning mortgages from a known brand.

Get started online

Save time by completing our online form. It should take around 20 minutes to complete and we'll then call you back to help you through the next steps.

Start nowApply for a Lloyds Bank mortgage now. Opens in a new bowser window.

Ways to apply

You’ll need the following details:

  • Income details.
  • Bank account details. 
  • Any existing mortgage details. 
  • Address details for the last 3 years. 
  • Any outstanding financial commitments.

    Make a start online

    Save time by completing our online form, it should take about 20mins to compete and then we’ll call you back to take you through your application.

      Visit us in branch

      Call us on 0800 783 3534

      To talk to an expert, and apply over the phone.

      Lines are open from 8am-8pm Monday to Friday and 9am-2pm on Saturdays. We’re closed on Sunday and Bank Holidays.

        YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE