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First time buyer mortgages

From 5% deposit

No arrangement fee

£250 cashback

Cashback on drawdown. Other fees apply. Over 18s only. Maximum loan amount £999,999. Subject to status.

moneyfacts awards 2014-2015 two times winner logo, best first time buyer mortgage provider

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Your home may be repossessed if you do not keep up repayments on your mortgage

Buying a house for the first time can be a little daunting. It’s a bit like the first time you do anything, whether that’s riding a bike or falling in love. But once you’ve gained confidence these occasions are some of the most momentous, exciting moments of your life. They’re the ones you’ll remember.

Guiding you through your house-buying journey

We’re here at every step of your journey to make sure you can cast off the stabilisers and really start to enjoy the new world that buying a house offers you. From starting out to completing the deal, we’ll help you at each stage of your journey to buying your own house and making it your home.
All our guides, calculators and articles that can help you on your journey to buying your first home have links below.

Features of our first-time buyer mortgage

  • 5% deposit, 95% loan-to-value or 10% deposit, 90% loan-to-value
  • Fixed interest rates
  • Up to £250 cashback on drawdown of the mortgage
  • No arrangement fee
  • Expert advice
  • Home insurance discount

See all the features of a first time buyer mortgage

If you are a first time buyer* with a minimum 5% deposit, you can apply for a first time buyer mortgage and receive the benefit of no arrangement fee and one free home valuation. We’ll give you £250 cash back will apply to our first time buyer products. Cashback will be paid on drawdown. The maximum loan amount is £999,999. Other fees apply.

You could also use our Regular Home Saver Account to help you save for your deposit. It encourages you to save regular monthly amounts towards the deposit on your first home. It can help you save, pays interest quarterly and offers you the chance to get cashback on your mortgage. Find out more about the Regular Home Saver Account.

We care about here. So we’re here with you throughout your journey, making it easier and less stressful to get your hands on your first home.

Clydesdale Bank - Best First Time Buyer Mortgage Provider

Choosing the right mortgage provider for you can make a big difference. For the second year running, we’re proud to have won the ‘Best First Time Buyer Mortgage Provider' accolade at the 2015 Moneyfacts Awards. It can be one of life’s most exciting and daunting experiences to buy your first property. This award endorses the competitiveness of our products and service and our commitment to first time buyers like you.

The below table lists our mortgages tailored for First Time Buyers. Other mortgages are also available for those buying their first home.
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Product name
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Max loan to value
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Initial rate
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Variable rate thereafter
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The overall cost for comparison is
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Arrangement fee
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Early repayment charge
3 year fixed rate90%3.49%4.95%4.7% APR£0YesMorehide
3 year fixed rate95%4.59%4.95%5.0% APR£0YesMorehide

(Rates correct as at 15th July 2015)
* Standard Variable Rate

Further considerations

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First time buyer features

See what a Clydesdale Bank first-time buyer’s mortgage offers you.

Find out more on first time buyer features

Keys to new home

First-time buyer tools

Links to our tools and guides that can help first-time buyers enjoy their first time.

Find out more about our first-time buyers tools

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First-time buyer guide

Helping you understand each process in the journey to owning your own home.

Find out more about our first-time buyer guide

Make a start online

Use our online forms to enquire about our mortgages or request an appointment.

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FAQ - First time buyers

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