Today’s best first-time buyer rates, ranked by what you’ll actually pay.
From 95% LTV purchase products to best-buys at larger deposits — first-time buyer mortgage rates drawn from 40+ lender product books, re-ranked every night.
First-time buyer best rates
Top deals for buying your first home, ranked by initial rate at your deposit size.
| Lender | Initial rate | Monthly | Fixed until | Then | Product fee | |
|---|---|---|---|---|---|---|
| 1 H HalifaxBest rate | 4.27% | £1,357on £250,000 | Sept 2028 | 7.24% | £999 | See full deal → |
| 2 L Lloyds Bank | 4.27% | £1,357on £250,000 | Sept 2028 | 7.24% | £999 | See full deal → |
| 3 T The Co-operative Bank | 4.38% | £1,373on £250,000 | Dec 2029 | 6.62% | £499 | See full deal → |
| 4 H Halifax | 4.47% | £1,385on £250,000 | Sept 2028 | 7.24% | None | See full deal → |
| 5 L Lloyds Bank | 4.47% | £1,385on £250,000 | Sept 2028 | 7.24% | None | See full deal → |
Monthly payments illustrated on a £250,000 repayment mortgage over 25 years; fees not added to the loan. Rates shown are for comparison — full lender criteria apply.
First-time buyer mortgage products are a distinct range at most lenders, not simply a relabelled purchase deal. At higher loan-to-value bands — the 90% and 95% LTV brackets where most first-time buyers sit — lenders price differently from one another: some lead with rate, others with cashback or free valuation. Your deposit as a share of the purchase price sets which LTV band you’re in, and moving from 95% to 90% by saving an extra 5% of the purchase price or securing a larger gifted deposit often unlocks a meaningfully cheaper deal.
Affordability is assessed on income, not just deposit size. Most lenders use income multiples of 4 to 4.5 times gross earnings for straightforward applications, with some stretching to 5 or 5.5 times for higher earners or professions. New-build purchases add one layer of complexity — some lenders cap LTV lower on new builds, particularly flats, so if you’re buying off-plan it’s worth filtering by that property type early. Your first fixed deal will likely end in two or five years; what you remortgage onto then is shaped by how much you’ve paid down and whether house prices in your area have moved.
We ingest the data ourselves
Most comparison tables license the same third-party panel. We build ours directly from lender product data, run through our own quality-assurance pipeline — so we sometimes list deals other sites miss.
Refreshed every night
Every product, every lender, re-ranked nightly. No manually maintained best-buy lists, no stale screenshots of last week's market.
Mortgages only
We're the UK's only mortgage-only comparison site. No credit cards, no car insurance — just every flavour of mortgage, done properly.
Frequently asked questions
How these tables work, and how to choose between the deals on them.