First time buyer mortgages.

Looking to buy your first home? Getting onto the property ladder can be a big step. Let us help you get the keys to your new home.

From working out how much you could borrow to picking up the keys to your first home, we’ll be there every step of the way.

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


Available to first time buyers who complete on a qualifying mortgage. For more details, see our special offers.

Apply by 1st January 2018. Exclusions Apply

What happens next?

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

Compare quotes for your legal costs

When buying your first home you’ll need to appoint a Solicitor or Licensed Conveyancer to carry out the legal work for you.

Compare quotes from our panel of up to 200 conveyancing professionals by using our Halifax Conveyancing Service.

It's quick and easy - you don't even need the new property postcode!

Halifax Conveyancing Service

Using the Halifax Conveyancing Service isn’t a requirement of applying for a mortgage with us and inclusion of a firm on our eConveyancing panel does not constitute a recommendation or endorsement of that firm by the Halifax.

Things to know when buying your first home.

How much do I need to save for my deposit?

We'll only lend you a certain percentage of either the purchase price or the property valuation, whichever is lower. So you'll need to use some of your own money to buy the property – a deposit. We usually ask for at least a 5% deposit from your own money. However, if you can pay more, you can often get a cheaper mortgage product.

As well as your deposit, there are other costs associated with buying a property and taking out a mortgage. Typical ones that apply to most buyers include conveyancing fees, Stamp Duty Land Tax/Land and Buildings Transaction Tax (properties in Scotland), valuation fees and Land Registry fees. There are often unexpected costs too in buying a property, so it's a good idea to have a reserve fund to cover them.

Halifax supports a range of government backed initiatives to help customers to buy their home.

Use our mortgage calculator to see how much you could borrow and what your monthly payments might be. Or, to get a better indication we can provide you with an Agreement in Principle.

Can I apply for a first time buyer mortgage?

As long as one person applying has never owned a property before, you can apply for a first time buyer mortgage with the Halifax.

  • You must be buying a UK property
  • You must be a UK resident or have full rights to reside in the UK
  • You must be at least 18 years old to apply for a mortgage, and your mortgage must usually end before you reach 80. If your mortgage term extends past your UK State Pension age or your expected retirement age – whichever happens sooner - we'll look at your retirement income or your employment income, if you are still working to work out whether we think you can afford the monthly payments. If you’re taking out a joint mortgage, it’s the age of the oldest person that’s taken into account.

How much could I borrow?

You can use our online calculator to get an idea of how much you could borrow. Or, to get a better indication we can provide you with an Agreement in Principle, also know as a 'Mortgage Promise'. We'll start by asking about your income, for example your basic salary and any regular overtime or bonuses. We'll also ask about your regular outgoings, for example credit card or personal loan repayments, and we'll take these off your income. After that, we make a further allowance for average day-to-day living expenses. This allows us to see how much we think you can afford for your mortgage payment each month.

As part of our process of assessing whether we think you can afford the loan, we'll ask your permission to contact a credit reference agency. They can give us information about:

  • how you've conducted your finances in the past
  • how many credit commitments you've got and how long they will last
  • whether you've kept the payments up to date.

We'll use credit scoring to help us decide whether to lend you money. Credit scoring works by awarding you points based on the information that:

  • you give us about yourself
  • we already have about you, if you've an existing relationship with us
  • is on your credit file at the credit reference agency.

We use this information to provide an indication of whether we'll lend you money and if so, how much we'll be willing to provide to you as a mortgage.

How does an Agreement in Principle differ from a mortgage offer?

An Agreement in Principle, also known as a 'Decision in Principle' or 'Mortgage Promise', is useful if you haven’t found a property you want to buy but would like to know how much you could borrow. All we need is a few personal details about you and anyone else who will be named on the mortgage. Then we’ll contact a credit reference agency for a credit search and give you a credit score. If you reach our pass mark, we’ll give you a certificate, so that you can show the seller you can get a loan. Other lenders will be able to see that we've made an enquiry about you, but this should not affect your ability to get a loan from them.

A mortgage offer is issued by a lender once your mortgage application has been received and the necessary checks, such as the property valuation and confirmation of your details, have been carried out. It sets out the terms under which the lender is prepared to offer you a loan.

What type of properties will you lend on?

The property you buy must be located within the UK and loans can only be used to buy your main residential home or for purposes relating to this home.

We'll consider lending you money to buy different types of property. We may ask you to provide a bigger deposit on some types of property than others. Any loan we make will be subject to a satisfactory property valuation by a surveyor of our choice.

Is there a minimum purchase price?

While we'll consider many types of property, we've a responsibility to ensure that a property is suitable security for a mortgage. As a result, we'll not lend against properties where the lower of the valuation or purchase price is below £40,000.

What are the risks I should be aware of?

A mortgage has one key difference to other loans - it's secured against your home. If you can't keep up with your monthly repayments or you get into financial difficulties you should contact us straight away so we can give you the help you need.

Remember, house prices can go down as well as up. If you owe more than the current value of your home, you will be in negative equity. If you need to move home and sell your property, and if its value has dropped below what you paid for it, there may be a shortfall between the amount you owe on your mortgage and the amount you get for the sale which you will need to repay.

What should I consider when applying for a mortgage?

Mortgages can last for a long time, so it's important you get the one that's right for you. You'll need to think about such things as the type of loan, how long you want it for and what type of product you'd like.

Methods of repayment - there are three different ways of repaying your mortgage. These are repayment, interest-only, and a combination of repayment and interest-only.

Mortgage terms - mortgage terms of up to 40 years are available. How long the mortgage lasts will affect your monthly payments and the total cost of the mortgage. With a repayment mortgage, the longer the term, the lower the monthly payment. However, it'll take you longer to pay off the loan so you will pay more interest. This means it'll cost you more over the life of your mortgage. With an interest-only mortgage, the length of the term makes no difference to the monthly payments because these are only paying off the interest charges and not the loan itself. With an interest-only mortgage your mortgage term needs to match the time when you will have enough money in your repayment plan(s) to repay the loan.

Mortgage products - we may have different types of mortgage products with different types of interest rates. These change from time to time and we'll give you details of the current range when you apply.

Product incentives - from time to time we may offer mortgage products that include an incentive. The interest rate for products with incentives may sometimes be slightly higher than for products without incentives. So you'll need to consider whether the incentive available at the start of the mortgage is more important to you than the slightly lower interest rate you may get during the product rate period without the incentive.

Your mortgage adviser will ask you about your preferences and discuss your needs and circumstances before deciding which mortgage to recommend to you.

What insurance will I need?

It's a requirement of your mortgage to have buildings insurance. This covers the bricks and mortar, fixtures and fittings. It's also a good idea to take out contents insurance as well - this protects all your possessions in your home, from furniture to jewellery.

You may want to look into insurance to protect your mortgage for example Life Cover and Critical Illness Cover.

Will I be charged any fees?

This will depend on the mortgage product, there may be a product fee to pay and early repayment charges if you repay early. Any product fees can be added on to your mortgage on completion. There could be other charges and standard costs which you may have to pay during the course of setting up your mortgage. You'll be charged interest on any fees, charges and standard costs added to your loan.

There are other costs associated with buying a property and taking out a mortgage.

What happens at the end of my mortgage deal?

When you take out your mortgage, you arrange to have a fixed or variable rate product for a period of time. At the end of this time, the product will end and your loan will usually be transferred to one of our lender variable rates. At this point, you may choose to move it to a new product for a further period of time.

What happens if I want to move home in the middle of my mortgage deal?

It's sometimes possible to take a product with you to a new mortgage - we call this 'porting‘. Your Illustration and offer letter will say if any of your products are portable.

£750 to help you settle in

Get help with your mortgage when you need it most

If you’re thinking of buying your first home we know you’ll be looking to save money where you can. So we’ve got some good news – we’re giving customers who take out a qualifying mortgage £750 cashback.

  • Available to first time buyers who complete on a qualifying mortgage
  • Apply between 2nd October 2017 and 1st January 2018
  • £750 cashback will be paid on completion through your conveyancer
  • Offer can be withdrawn at any time and excludes: product transfers and further advances and applications through Halifax Intermediaries

How much can I borrow?

Make your move with a 5% deposit.

At the Halifax, we believe that people who give extra should get extra in return.

We also understand that moving home can be quite a challenge to say the least. To give our customers a helping hand, we’re offering a range of mortgages to first time buyers and home movers with just a 5% deposit.

Which means it’s now even easier to make your move with Halifax.

Special offers for first time buyers.

Best Mortgage Lender for First Time Buyers.

what mortgage awards 2015 winner

We've won the what Mortgage 2016 award for Best Mortgage Lender for First Time Buyers.

Step 1

Get an Agreement in Principle.

An Agreement in Principle will tell you how much we could lend you. Most estate agents will ask to see this to show that you're a serious buyer.

  • Free of charge and no obligation to apply for a mortgage with us
  • Complete one online - it takes less than 15 mins
  • No effect on your credit rating even if you're declined
  • Required before you can begin your full application with us.

Apply for an Agreement in Principle

Find out more about an Agreement in Principle

Step 2

Begin your full mortgage application.

Once you've completed your Agreement in Principle with us, you'll need to speak to one of our qualified mortgage advisers who'll provide you with a personalised recommendation on the mortgage term, product and rate that’s right for you.

You can complete your full mortgage application:

  • On the phone by calling us on 0345 850 3705 Mon-Fri 8am - 8pm Sat 9am - 4pm
  • Or by speaking to one of our mortgage advisers in branch - you'll need to book an appointment beforehand.

Book a branch appointment

Find out more about the mortgage application process

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

A Help to Buy: ISA could be right up your street.

Help to Buy - Backed by HM GovernmentOur ISA is designed to help first time buyers save up for their home in the future, with a little extra help from the government.

Find out about your new area.

Buying your first home? Use our Location Finder to help make finding your new home easier.

Government Schemes.

Help to Buy - Backed by HM GovernmentHalifax supports a range of government backed initiatives to help people buy a home. So whether you're a first time buyer or moving home there could be a scheme that's right for you.