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BANK RATE ANNOUNCEMENT
On 2 November 2017, the Bank of England announced that the Bank Base Rate would increase with immediate effective from 0.25% to 0.50%.

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Mortgages

First time buyers

We’re here to help you buy your first home

Early Repayment Charges apply and other fees and charges may apply.

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Please enter a borrower type.

Please enter a property value.

Please enter a depositmortgage outstanding amount.

Please enter a term.

Your property value must be greater than your depositmortgage outstanding amount.

You have asked to borrow {{mortgageListing.customer.loan | currency:'£': 0}}. The minimum amount we will lend is £25,001. Please adjust your property value or depositmortgage outstanding amount.

You have asked to borrow {{mortgageListing.customer.loan | currency:'£': 0}}. The maxmimum amount we will lend is £5,000,000. Please adjust your property value or depositmortgage outstanding amount.

Your deposit must be at least 5% of your property value

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Additional features
  • Free valuation
  • Free legals
  • {{product['Cashback'] | currency:'£': 0}} cashback
Early Repayment Charges apply and other fees and charges may apply.

Compare up to 3 mortgages

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  • Select another mortgage to compare
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How to get to your First Morning:

We’ve helped thousands of people enjoy their First Morning in a new home and you could too with a First Time Buyers Mortgage. Follow the steps below to get started or alternatively, use our First Time Buyer search tool to find the right mortgage for you.

1. Use our mortgage calculators

Our mortgage calculators will help you to find out how much you could borrow and how much the repayments could be.

2. Read our guide to lending

Before you apply, make sure you read our lending criteria guide. This will give you information on consider for a mortgage application and what documents you may need to provide.

3. Find a mortgage

Find and compare our mortgage products (the search tool above will let you quickly find our First Time Buyer mortgage products):

If you think you still need some help, you can read our guide to mortgage types. on mortgage product types.

4. Get a lending decision

You can get a lending decision or ‘Approval in Principle’ from us in just 10 minutes.

5. Apply for the mortgage

Complete your full mortgage application .

 

 

Need more help?

Our online mortgage applications are offered without advice but it’s easy to speak to someone if you need to:

  • Call us on 0345 1200 842
  • You can also find out more about our application process by reading our guide .

First Time Buyer incentives

Some of our First Time Buyer mortgages come with added benefits, helping you to take the first step on the ladder. These include:

  • Cashback on selected products. The individual product details show which products come with cashback.
  • No product fees on some of our First Time Buyer mortgages. All fees including the product fee where applicable, are detailed on the product pages.
  • Free standard valuation. On some of our mortgages we’ll cover the cost of a standard valuation – please note, this excludes second or subsequent valuations and does not include homebuyer’s surveys, building and structural surveys or specialist reports. If you decide to change the loan amount you need after the valuation has been carried out, you may be asked to cover the costs of a new valuation.

Some things to bear in mind

Please look at individual product details for our mortgages to see what other incentives may be available. Only one applicant needs to be a first time buyer to qualify.

You should be aware that Early Repayment Charges will apply in the event that you want to come out of a First Time Buyer mortgage before the end of the special rate period. Please see the individual product pages for details.

The benefits above apply to our First Time Buyer Mortgages but you can choose other types too - such as offset and fixed rate mortgages.

 

Important information

  •  Chelsea Building Society's Standard Variable Rate is set independently of Yorkshire Building Society's Standard Variable Rate. This is because Chelsea Building Society is operated under its own brand and with its own products and services. As a result, Chelsea Building Society's Standard Variable Rate may be different from Yorkshire Building Society's Standard Variable Rate at any time and can vary upwards or downwards from time to time.
  •  Our mortgages have limited availability and may be withdrawn at any time.
  •  Applications subject to standard lending criteria and all loans subject to status.
  •  We cannot accept applications if the mortgage term you are requesting extends beyond your intended retirement date.
  •  All our mortgage products are available on a capital and interest (repayment) method only.
  • You have the right to repay the loan either partially or in full during the term of the loan.
  •  Early Repayment Charges and other fees & charges apply.

Need help with mortgage definitions?

If you are unclear what something means, our Mortgage glossary can help.

 

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