First time buyer mortgages
Ready to buy your very own home sweet home? Find out how to get a first-time buyer mortgage with Lloyds. We’re here to help you start your homeowner journey.
We’re the No.1 direct lender for first-time buyers
If you’re looking to unlock the door to your new home, we can help. In fact, we are Britain’s No.1 direct lender for first-time buyers.*
*Based on monthly completion values from July to December 2025. Source: CACI mortgage database
Start your mortgage journey online
Help getting on the ladder
£5k Deposit mortgage
Last seen in 1996.
If you have a deposit of £5,000, you could get on the ladder sooner than you think. Conditions apply.
Average first-time buyer deposits were £4,851 -£4,950 in 1996 based on Office for National Statistics House Price Index data.
First Time Buyer Boost
Do you need help buying your first home? Borrow up to 5.5 times your income with our First Time Buyer Boost mortgage.
Conditions apply.
Don’t have a deposit?
Lend a Hand mortgages
Land your first home sooner with no deposit needed, using our Lend a Hand mortgage. Your family's savings act as security, earning interest for 3 years.
Conditions apply.
First Home Deposit Gift
Your family member can borrow more on their Lloyds mortgage and gift it towards your deposit. It can cover all or part of your deposit and when they gift you, we’ll gift them. Once you complete on your first time buyer mortgage with us they’ll receive a £500 cashback reward.
First-time buyer help and guidance
Current special offers
See if you can apply for our special offers. You may be able to apply for 1 or both. Conditions apply.
Let’s look at the details
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A first-time buyer is someone buying a property who hasn’t had a mortgage or bought a property in the UK or abroad before. You may be classed a first-time buyer if you’ve inherited but not bought a property, but it’s best to check with any potential lenders.
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You can apply for a first time buyer mortgage with Lloyds if at least 1 buyer is a first-time buyer. But first-time buyer stamp duty relief only applies if all buyers are first-time buyers.
Lending depends on assessment of your finances, personal circumstances such as employment and credit history and your mortgage application.
You must also be at least 18 years old to apply. Learn more about how 95% mortgages or £5k Deposit mortgages work.
If you are thinking of buying your first home with someone else, find out what a joint mortgage is, how they work and what to consider before you apply.
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A deposit is usually at least 5% of the total value of the property price. With the £5k Deposit mortgage, you only need a deposit of £5,000.
Our Lend a Hand mortgage requires a 10% deposit. With this type of mortgage, a family member would need to put down 10% of your property purchase price as the deposit.
It can help to pay a higher deposit upfront, to reduce the amount you borrow. This could make your interest rate and monthly mortgage repayments lower. So, you should try to save as much as you can towards a deposit on your first home. Read our tips on saving for a house deposit or see our range of savings accounts.
There are other costs to consider as part of your first-time home purchase, such as legal fees, valuation fees and buildings insurance. So, make sure you have the right amount of money to cover all the costs that come with the home buying
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We offer first-time buyer mortgages on a range of properties, from leasehold flats to freehold houses and new build homes.
You’ll need to make sure the property is in the UK and is going to be your main residential home.
There are other mortgage options for different types of property, such as buy-to-let.
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First-time buyer relief is a type of stamp duty relief you might be able to get when buying your first home. It means you might not have to pay any Stamp Duty Land Tax (SDLT) when purchasing a property in England or Northern Ireland. This usually only applies to homes worth up to a set amount.
Learn more about stamp duty for first-time buyers.
Explore your options
We want to make sure you know about our other help and guidance options. Here’s one that might suit you.
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Important legal information