First time buyers
Helping you say yes to more clients
Buying a home for the first time is a big milestone, and your clients may feel unsure about where to start.
To help you support your first-time buyer clients, we offer a variety of options and propositions designed to make owning their first home more accessible, with different solutions for your clients’ unique needs and circumstances.
Hear from Tom Brook, Accord TBDM, about how our first-time buyer options could work for you
Helping you say yes to more clients
Buying a home for the first time is a big milestone, and your clients may feel unsure about where to start.
To help you support your first-time buyer clients, we offer a variety of options and propositions designed to make owning their first home more accessible, with different solutions for your clients’ unique needs and circumstances.
Hear from Amanda Townshend, Accord Underwriter, about our easy and simple approach to service when placing your first-time buyer application
- For Joint applications - only one applicant needs to be a first-time buyer
- The £5K Deposit Mortgage - available for houses and flats - our proposition allows your first-time buyers to purchase a house or flat with just a £5K deposit (excluding new builds and Northern Ireland)
- Joint Borrower Sole Proprietor Lending – lets your client add an immediate family member to the mortgage to help with affordability, without making them a property owner. Up to 95% LTV, including new build houses (90% in Northern Ireland). Non-owner borrowers are able to have their full loan term extended into retirement.
- LTIs - Exclusive for first-time buyers: No minimum income. Lending available up to 5x LTI or 5.5x for Boost LTI products. LTI capped at 4.49x for £5k Deposit Mortgage.
- Boost LTI products - up to 95% LTV exclusively for first-time buyers including new build (90% LTV in Northern Ireland)
- Cascade Score product range - for clients who don’t meet our higher LTV scorecard but do meet our standard scorecard, this option offers an alternative product range (max 90% LTV for new builds)
- Plus, up to 95% LTV (90% in Northern Ireland) on standard lending, mortgage terms up to 40 years, free valuations and cashback available on selected products.
We believe in celebrating milestones, so clients who secure their mortgage with us receive a Welcome Box as a gift from you to them. Just sit back, and we’ll send it to them on your behalf.
Real life examples
Hear from our colleagues and read some case studies about how we’ve helped your first time buyer clients.
Hear from Tom Brook, Accord TBDM, about how our first-time buyer options could work for you
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Single application for a £240,000 purchase price and £216,000 loan amount at 90% LTV with credit blips
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Set yourself up for success when supporting your first-time buyers with our Growth Series. You’ll find helpful blogs on attracting new clients and guiding them through their first mortgage application, plus easy to share resources like a First Time Buyer Glossary and a Moving House Checklist to support them every step of the way.
- Have a look at our affordability calculator, which uses our improved stress rate, to get an estimate of your clients borrowing
- Use our product finder to search for the for the right deal for you client
- View all of our lending criteria here.