First time buyer mortgage rates today Every deal open to you, from 5% down.
Every deal a first-time buyer can take from 11 UK lenders, including 117 priced for first-time buyers only. The lowest at each deposit and what it costs a month on a new home, read from the lenders’ own sites on 12 November 2026.
- Lowest with 5% down
- 5.60%
- Lowest with 10% down
- 5.28%
- First-time buyer deals
- 117
- Read from their sites
- 12 Nov 2026
First time buyer mortgage rates by deposit
The lowest 2-year fixed rate a first-time buyer can take at each loan to value, from the 11 lenders here: their general deals and the ones priced for first-time buyers only.
| Loan to value | Lowest rate | Lender and deal |
|---|---|---|
| 60% LTV40% deposit | 4.87% | NatWest2 year fixed rate - Online Only · £1,495 fee |
| 75% LTV25% deposit | 5.00% | Yorkshire Building Society2 Year Fixed Rate · £1,495 fee |
| 85% LTV15% deposit | 5.10% | Yorkshire Building Society2 Year Fixed Rate · £1,495 fee |
| 90% LTV10% deposit | 5.28% | NatWest2 year fixed rate · £995 fee |
| 95% LTV5% deposit | 5.60% | Coventry Building Society5.60% Fixed to 30.04.29 · £999 fee |
First-time buyer rates by lender
Each lender’s lowest 2-year fixed rate open to a first-time buyer with a 10% and a 5% deposit.
| Lender | 90% LTV10% deposit | 95% LTV5% deposit |
|---|---|---|
 | 5.28%2-year fixed, £999 | 5.83%2-year fixed, no fee |
 | 5.28%2-year fixed, £995 | 5.75%2-year fixed, no fee |
 | 5.30%2-year fixed, £899 | 5.66%2-year fixed, no fee |
 | 5.32%2-year fixed, £999 | 5.60%2-year fixed, £999 |
 | 5.36%2-year fixed, £999 | 5.71%2-year fixed, no fee |
 | 5.39%2-year fixed, £1,495 | 5.67%2-year fixed, £495 |
 | 5.40%2-year fixed, £1,495 | No deal |
 | 5.41%2-year fixed, £999 | 5.79%2-year fixed, £999 |
 | 5.44%2-year fixed, £999 | No deal |
 | 5.44%2-year fixed, £995 | 5.74%2-year fixed, £995 |
 | 6.49%2-year fixed, £999 | 6.79%2-year fixed, £999 |
What a first home costs a month
The monthly repayment on a £300,000 home over 30 years at the lowest 2-year fixed rate open to a first-time buyer, for each deposit.
| Deposit | Loan | Rate | Monthly payment |
|---|---|---|---|
| 5% deposit£15,000 | £285,000 | 5.60%Coventry Building Society | £1,636 |
| 10% deposit£30,000 | £270,000 | 5.28%NatWest | £1,496 |
| 15% deposit£45,000 | £255,000 | 5.10%Yorkshire Building Society | £1,385 |
| 25% deposit£75,000 | £225,000 | 5.00%Yorkshire Building Society | £1,208 |
| 40% deposit£120,000 | £180,000 | 4.87%NatWest | £952 |
First-time buyer mortgage rates: your questions
What are first time buyer mortgage rates today?
With a 5% deposit, the lowest 2-year fixed rate open to a first-time buyer is 5.60% (Coventry Building Society). With 10%, 5.28% (NatWest). The lowest at any deposit is 4.20%, Santander’s 2-year tracker.
Do lenders offer special rates for first-time buyers?
Some do. Nationwide Building Society, Santander, Skipton Building Society publish deals for first-time buyers only, and Nationwide Building Society, Santander add cashback to some of them. Choose First-time buyer under Buying as in the comparison to see only the deals open to you.
How much deposit does a first-time buyer need?
Lenders here publish deals from a 5% deposit (95% loan to value). On a £300,000 home that is £15,000, and each 5% more usually brings a lower rate. Stamp duty relief and schemes such as Your First Home can change what you need on the day.
How much can a first-time buyer borrow?
Lenders cap a loan at a multiple of household income, under the Prudential Regulation Authority’s limit, and check the payment would still be affordable if rates rose. The rate is the other half: at the lowest 2-year fix open to a first-time buyer with 10% down, 5.28%, each £100,000 borrowed over 30 years costs about £554 a month.
Where do these mortgage rates come from?
From each lender’s own website, read every night by NewHomeSearch: 11 UK lenders, their rates, fees, loan to value bands and early repayment charges exactly as they publish them for buying a home. We are not a broker, take no commission and rank nothing for payment, so every deal is shown on the same terms, sorted by its numbers. Rates change, and a lender decides who it lends to: check a deal with the lender before you apply.
Your next step
Compare every deal open to a first-time buyerHow we read the rates
- From each lender’s own website, every night. 11 UK lenders, read at 02:45 UTC; this page’s rates were read on 12 Nov 2026. Every rate links the page it came from.
- No broker, no commission, no paid placings. Nothing here is ranked for money, so every deal is shown on the same terms, sorted by its numbers.
- Only deals that lend on new-build homes. Every home on NewHomeSearch is a new build, so a deal its lender keeps from new builds is never shown.
- The sums done for you. Monthly payments, the true cost over the deal and the APRC are worked out with the lender’s own fees, in the comparison, for your price and deposit.
An illustration, not advice: rates change, and a lender decides who it lends to. Check a deal with the lender before you apply. How NewHomeSearch reads the lenders’ sites.