Mortgages for first time buyers
We help more people get their first mortgage than anyone else.*
Buying your first home
Whether you're just starting your search for your first home or you're ready to apply for a mortgage, we'll guide you as you take your first step onto the property ladder.
Your guide to buying your first home
We’ll guide you through the exciting journey of buying your first home — from saving for a deposit to choosing a mortgage and applying.
- How to get your finances ready
- Saving for a deposit
- How to apply for a mortgage
Get a Decision in Principle
You’ll need a Decision in Principle before you can apply for a mortgage with us. This will take about 20 minutes to complete.
- Know instantly what we’d be prepared to lend you.
- It won’t affect your credit rating.
- You can use it for up to 90 days while you search for a property.
Important:
Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.
How much can I borrow?
Our mortgage calculator will give you a rough idea of what you could borrow. It will ask for your main income details, an estimate of the property value and your deposit amount.
Compare mortgage rates
Compare our mortgage rates for first-time buyers and find the mortgage deal that’s right for you.
Ways to borrow more for your first mortgage
If you’re worried about how much you can borrow or have a smaller deposit, we’re here to help. Our Helping Hand and 95% mortgage options could give you the boost you need.
If you’ve been given your deposit as a gift, find out what you need to do on our gifted deposit page.
Helping Hand
More about our helping hand mortgageBorrow up to 33% more - 6 times your income - with either a 5 or 10 year fixed rate mortgage. Conditions apply.
95% Mortgages
More about 95% mortgagesSaving for a deposit can be hard. That's why we offer first time buyer mortgages up to 95% loan to value (LTV).
Affordable home schemes
Learn about affordable home schemesNot sure you can afford to buy your first home? You might be able to apply for a mortgage using an affordable home ownership scheme.
Get £500 cashback
Imagine what you could do in your new home with £500. That’s what you get when you move in with a Nationwide first time buyer mortgage.
You will receive the money within 1 month of completion. If applying jointly, you both need to be first time buyers – you can’t have had a mortgage in the last 3 years. It’s £500 total whether you’re buying your home alone or with someone else.
And if the home you’re buying is really energy efficient, you could get another £250 to £500 on top. Conditions apply.
Frequently asked questions
Information:
* Source based on the number of residential first time buyer mortgage completions in the UK by banking brand, January to December 2024. Provided by CACI Ltd Mortgage Market Database.