The Best Mortgage Providers for First Time Buyers in the UK (Autumn 2025 Guide)
Buying your very first home is one of life’s biggest milestones, but for many people it can also feel like stepping into the unknown.
First time buyers often face unique challenges compared to existing homeowners. Without the equity from a previous property to fall back on, many have to work with smaller deposits and tighter budgets. This is why choosing the right mortgage provider is so important, the right lender can make the difference between struggling to get on the property ladder and finding a realistic, affordable way forward.
In 2025, there are more options than ever before, and plenty of providers who are tailoring products specifically for first time buyers. So what actually makes a provider the “best” choice for you, and who should you consider when starting your journey?
Why first time buyers need extra support
For anyone buying their first home, the mortgage market can feel confusing. Rates, terms, loan-to-value (LTV) ratios, arrangement fees, cashback deals, and affordability checks all need to be understood before making a decision. While seasoned homeowners might already be familiar with these terms, first time buyers usually benefit from additional guidance.
The best mortgage providers for first time buyers in the UK are those who understand these challenges and have products designed to help people take that crucial first step onto the property ladder. That support can come in many forms: lower deposit requirements, flexible repayment options, or even family-assisted products that allow loved ones to help without losing access to their savings.
What makes a provider “best” for first time buyers?
The providers that stand out are the ones who combine affordability with flexibility and strong customer support. For example, lenders who accept just a 5% deposit are extremely attractive to buyers who have managed to save but don’t have a large lump sum. Others offer cashback on completion, which can help cover the unexpected costs of moving. Some have embraced family-assist or guarantor-style mortgages, which allow parents or relatives to contribute without giving money away permanently.
Equally important is the service itself. A first time buyer needs clear explanations and support, not jargon and complex terms. Providers who invest in guiding their customers through the process, whether through online tools or specialist advice, are often considered the best.
Top mortgage providers for first time buyers in 2025
While the right choice depends on your personal circumstances, several names frequently appear when experts talk about the best mortgage providers for first time buyers in the UK.
Nationwide Building Society has long been a favourite, particularly thanks to their competitive low-deposit mortgages and incentives such as cashback. Halifax also remains a strong option, offering a wide range of 95% LTV mortgages with terms that suit different budgets. Barclays has developed innovative products such as the Family Springboard mortgage, which allows loved ones to support buyers without handing over their savings. Santander continues to appeal to those considering Shared Ownership, with products tailored to government-backed initiatives. Virgin Money has also become increasingly popular for their flexible products and occasional cashback deals that help offset moving costs.
These providers don’t always have the very lowest headline rate, but what makes them stand out is the balance between affordability, accessibility, and support. For a first time buyer, that combination can make the journey far less stressful.
Example mortgage products for first timers
One of the most common products for first time buyers is the 95% LTV (Loan to Value) mortgage. This means you only need to save a 5% deposit, with the lender providing the remaining 95%. While monthly repayments can be slightly higher than those with a larger deposit, it offers a realistic way onto the ladder for many who might otherwise be priced out.
Another increasingly popular option is the family-assist mortgage. In this case, parents or relatives use their savings as security, rather than gifting the money outright. Once the buyer has built up equity in the property, the savings are returned, making it a less risky way for families to help. Cashback mortgages are also useful for those facing the immediate costs of moving, as they provide a lump sum once the mortgage completes.
Government schemes to support first time buyers
It isn’t just mortgage providers who are helping first timers. The government also has several schemes that can make buying more achievable. The First Homes scheme offers discounted homes to local first time buyers and key workers, making property ownership more affordable in certain areas. Shared Ownership remains a popular route, where buyers purchase a percentage of the property and pay rent on the remainder, with the option to increase their share over time. The Lifetime ISA (LISA) also continues to provide valuable support, allowing savers to put away up to £4,000 per year and receive a 25% government bonus towards their deposit.
For the most up-to-date details, the government website on affordable home ownership schemes is a helpful resource.
So, why use a broker like Your Mortgage Consultants?
One of the biggest mistakes first time buyers can make is going directly to a single lender. While this may seem straightforward, it often limits your choices and could mean you miss out on a better deal elsewhere. Mortgage brokers like Your Mortgage Consultants (YMC) work across the market, comparing products from multiple providers to find the most suitable option for your circumstances.
At Your Mortgage Consultants, we don’t just look at the numbers, we also consider your lifestyle, long-term plans, and comfort levels. By doing this, we ensure that the mortgage you choose isn’t just affordable today but continues to work for you in the future. We also handle the paperwork and liaise with the lender on your behalf, saving you time and stress during an already busy period.
Taking the first step
If you’re a first time buyer looking for guidance, the best place to start is with a conversation. Your situation is unique, and while general advice is helpful, nothing compares to tailored recommendations based on your budget, goals, and location.
At Your Mortgage Consultants, we offer a no-obligation first time buyer consultation, giving you the chance to explore your options and understand the process with complete clarity.
Book your consultation today or explore our support for first time buyers here.
Frequently Asked Questions
- Who are the best mortgage providers for first time buyers in the UK?
Some of the most popular providers include Nationwide, Halifax, Barclays, Santander and Virgin Money, but the best choice depends on your income, deposit size and long-term plans. - Can I buy a home with only a 5% deposit?
Yes, many lenders now offer 95% LTV mortgages, which are specifically designed to help first time buyers with smaller deposits. - Do I need a mortgage broker as a first time buyer?
You can go directly to a lender, but using a broker like YMC gives you access to a wider range of products and expert support throughout the process. A broker will ensure you are getting the best rate available to you on the day the application is submitted and that a lender has been selected that is most likely to accept your personal circumstances. - Are there government schemes that can help me?
Yes, schemes such as First Homes, Shared Ownership, and the Lifetime ISA can all make buying more affordable. - How do I know which mortgage deal is right for me?
The right deal depends on your circumstances, so it’s always best to seek personalised advice. An advisor can help you weigh up the pros and cons of each option.