Mortgages

Let us help you get ‘mortgage ready’

Buying your first home is a huge decision, but that doesn’t mean it has to be difficult. Just speak to us and we’ll help you get ‘mortgage ready’. Our first time buyer mortgage has been designed specifically for customers buying and occupying their first home. Plus, to give you a helping hand up the property ladder, there’s;

No application fee

No booking fee

Minimum 5% deposit required (based on a property price up to £200,000)

First time buyer mortgages

Features and benefits

Why choose Barclays Bank for your first time buyer mortgage?

No application fee or booking fee for residential first time buyers
We’ll help you with the homework so you can focus on finding your new home
Competitive interest rates for owner occupiers including variable and fixed term rates (relative to your Loan to Value)
Up to 95% Loan to Value on property valued up to £200,000, 80% Loan to Value over this amount
Repayment terms of up to 30 years may be available to you
A local mortgage adviser to guide you through the process

How it works

You will need to be over 18 to obtain a mortgage. Your home is security for your mortgage. Other security may be required
What you can borrow will depend on what you can comfortably afford to repay monthly, this may vary depending on individual circumstances
If you take a mortgage with a fixed rate of at least one year and decide to repay whole, or part early, if you convert to a variable interest rate, or, if you change to another fixed interest rate you may incur an early repayment charge
You will require home insurance which can be arranged via Barclays Bank or purchased through another insurance company
Keep in mind you will also need money for valuation fees, legal fees, maybe a surveyor and Stamp Duty. Not forgetting possible repairs and decoration on your new home

Representative example

Loan value: £146,000
Loan term: 27 years
Loan Type: Fixed rate for 3 years, reverting to standard variable rate for the remaining term
Initial monthly repayments: £655.23, followed by a repayment of £751.65 for the remaining term
Fixed rate: 2.89% for 3 years
Standard variable rate: currently 4.20%
APRC (annual percentage rate of charge): 4.09%
Number of monthly instalments: 324
The following fees are included in the calculation for this example:
Funds transfer fee, £30;
Mortgage exit fee, £55;
Valuation fee £245

If the APRC does not vary during the term of the mortgage, the total cost of credit (the total amount repayable less the amount of the mortgage) would be £94,393.48. This means that the borrower would have to pay a total amount of £240,393.48. Home insurance is required.

Talk to us

Call us on 028 9082 1655 or drop in to any Barclays Bank branch and speak with a mortgage adviser today. They’ll explain exactly what’s involved, and answer any of your questions.

Alternatively, fill in our Mortgage Callback Request form and one of our mortgage advisers will call you to explain your options.

Help and guidance

General Information about First Trust Bank Mortgages

Frequently asked questions

Whatever your mortgage question, you can bank on us

Tariff of Mortgage Charges

Your mortgage fees and charges explained

Important information

First Trust Bank reserves the right to withdraw or amend products at any time. Loans are granted subject to an appraisal of the applicant’s financial standing. Applicants must be 18yrs or over. Minimum mortgage amount £25,000. Lending criteria, terms and conditions apply. An independent valuation will be required. Your mortgage will be secured against the mortgaged property. Primary residence only.