First-Time Buyer Mortgages: What You Need to Know in 2025

Buying your first home is one of life's biggest milestones, but it can also feel overwhelming. In 2025, the UK mortgage landscape is packed with options, schemes, and hidden costs that first-time buyers need to be aware of.

What is a First-Time Buyer Mortgage? A mortgage designed for people purchasing their first property. Many lenders offer special rates, incentives, and lower deposit requirements.

How Much Can You Borrow? Most lenders offer 4 to 4.5 times your income. Some offer more depending on profession and affordability.

How Much Deposit Do You Need? 5% deposits are still possible, but 10%+ opens up better rates. Government-backed schemes also help.

Key Mortgage Types for First-Time Buyers:

• Fixed-Rate
• Tracker
• Discount
• Guarantor

The Application Process:

• ID and address proof
• Payslips or tax returns
• Bank statements
• Deposit details
• Credit commitments

Common Mistakes to Avoid:

• Forgetting extra costs (solicitors, Stamp Duty, etc.)
• Overstretching your budget
• Not getting a mortgage agreement in principle
• Not using a broker

Next Steps:

Get an affordability check and speak to a qualified mortgage adviser.