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First time buyer

So you’re looking to take the plunge and buy your first home. It’s an exciting time. But we realise that it can also be a little daunting so our broker team are here to help you every step of the way.

Because we take a more personal approach, our broker team will assist in guiding you through the process, answer any questions and together we’ll work out how we can help you based on how much you can comfortably afford.

The good news is that we offer competitive rates and you’ll only need a minimum of 5% of the value of your new home as a deposit. That can really help to get you on the property ladder and perhaps leave you with some money to spend on your new home.

Mortgages explained

At Saffron Building Society, we understand that sometimes mortgages can seem very confusing. But when stripped back to the basics, they’re quite easy to understand. That is why we have created a guide to mortgages that will help you make sense of the transaction you may be about to enter into and a step-by-step guide to applying for a mortgage and how your Saffron Mortgage Adviser will help you every step of the way.

Our first-time-buyer mortgages

Joint Borrower Sole Proprietor First Time Buyer Mortgage

Initial rate

3.47% (fixed)

Product period

30/11/2025

then changing to our SVR minus 1.00%

4.39%

Deposit required

5.00%

The overall cost for comparison is

4.20% APRC

Arrangement fee

None

Your home may be repossessed if you do not keep up payments on your mortgage