First home
Buying for the first time: what the smallest deposit means and what lenders look for.
First home in brief
Usually up to 95% of the price as a loan. Usually up to 95% of the price
Smallest deposit most lenders accept
5%
Lenders on our panel at 95%
17 of 40
Gifted deposits
Accepted by most
Time from first call to offer
3 to 6 weeks
Facts (sample); each lender sets its own rules.
Most first-time buyers we see have saved between 5% and 15% of the price (sample). We look at what you can borrow, what each band means for you, and any schemes you may qualify for.
- A clear figure for what lenders may lend
- An agreement in principle before you make an offer
- Help with gift letters and deposit proof
Your home may be repossessed if you do not keep up repayments on your mortgage.
Start with a free first call
Twenty minutes on the phone or by video. Have a rough price and deposit in mind; we tell you what the lenders will ask for and what we charge, before anything is done.