First Homes Mortgage for your clients
Our First Homes mortgage is available to those looking to take advantage of the Government’s First Homes Scheme (Section 106), which provides discounted homes to eligible first-time buyers and key workers who otherwise wouldn’t be able to afford one. We’re always happy to discuss a case with you.
Last updated 2 August 2022.
Key criteria
- Product specifically designed for First Homes Scheme England
- 95% LTV of the discounted market price
- Minimum income £17,500 per application
- Maximum income £80,000 or £90,000 for London
- Minimum property value £100,000
- Maximum property value of £357,000 or £600,000 for London
- Maximum price after discount of £250,000 or £420,000 for London
First Homes Mortgage
Featured product 3.49 %
- FXT842 fixed to 30/11/24
- Purchase only
- Follow-on rate of 3.99% (variable) to 30/11/27 before reverting to SVR
- 75% LTV (up to 95% of the discounted market price)
- No booking or arrangement fee
Useful downloads
Key documents to support you with your cases.
First Homes Mortgage Application Form (PDF)
Residential Affordability Calculator (Excel)
First Homes Mortgage Documentation Checklist (PDF)
First Homes Mortgage Fact Sheet (PDF)
