Welcome to First Time Buyer mortgages

Getting on the property ladder can be easier than you think with The Cumberland. We can support you with mortgage deals and expert knowledge from our friendly advisors, every step of the way. Check out our simple three step process below and please get in touch for more information.

Your mortgage is secured on your home. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Explore your mortgage options

Take a look at the mortgage information we have on this page and feel free to get in touch and discuss any queries. We’re here for you.

1

Use our mortgage calculator

Use our mortgage calculator to discover the kinds of deals that could be available to you, depending on your budget and deposit amount.

2

Book an appointment

Book an appointment with one of our friendly, expert advisors to chat through your options and get the ball rolling on your first mortgage.

3
5% deposits & £1,000 cashback Image
5% deposits & £1,000 cashback
5% deposit mortgages are back for first time buyers. Also known as 95% LTV mortgages, you can even get £1,000 cashback with our 2 and 5-year fixed rate mortgages.
Book appointment
Get in touch to book a mortgage appointment with one of our friendly advisors.
Any questions?
Please check out the FAQ section below or feel free to get in touch with any queries.

Your Frequently Asked Questions

  • How much deposit does a first time buyer need?

    Before you start looking at properties, you should start saving for a deposit. Generally, you need to save at least 5% of the cost of the home, but if you save a larger percentage then more mortgage deals could be available to you.

    It's a great idea to book a mortgage appointment as this can give you an indication of how much deposit you should save up.

  • How much can I borrow?

    This depends on your personal circumstances, such as your income and living expenses. Our online mortgage calculator could help you crunch the numbers.

  • What extra costs should I budget for?

    On top of your deposit and monthly mortgage repayment there are plenty of other costs that need budgeting for. These include:

    • The cost of a survey
    • Solicitor or conveyancer fee
    • Hiring a removal firm
    • Buildings and contents insurance
    • Initial repairs and refurbishment, as well as new furniture and appliances
    • Mortgage arrangement fees

  • Want to know more?

    Our First Time Buyer Hub is filled with hand tips and expert guides on everything from making an offer to moving day. Let’s get you on the ladder.Visit the hub.

£100 cashback terms and conditions

New customers: Your Cumberland current account must be funded with a minimum of £750 per month. Your application for a Cumberland current account must commence prior to your mortgage completing, and the £100 will be credited to your Cumberland current account shortly after the completion of your mortgage and the current account switching process. Payable once per current account. Maximum one eligible current account per mortgage application. Existing customers: Your Cumberland current account must be funded with a minimum of £750 per month for the 3 successive months prior to your application.