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Residential owner-occupied

First time buyers

  • Higher borrowing power

    Up to 95% LTV at Level 1 and max loan of £1m.

  • Flexible lending criteria

    With a wide range of criteria options to support the diverse needs of today's borrowers.

  • Improved affordability

    Up to 6x LTI for eligible borrowers and reduced stress rates on 2 & 3 year fixed products.

  • Common-sense underwriting

    Every case is manually reviewed, giving clients real life decisions.

Unlocking more doors for your clients

We know that every first time buyer has a story and we’re here to help you make homeownership possible for even more of them.

We combine flexible lending criteria, competitive products, and a broker-friendly approach to help make mortgages accessible even for clients who might otherwise struggle to get on the property ladder.

  • High LTV options – Lending up to 95% LTV across Level 1 and up to 90% LTV on Level 2, making it easier for clients with smaller deposits to get onto the property ladder.
  • Increased max loan - Up to £1m at 95% LTV on Level 1 and £750,000 on Level 2 at 90% LTV.
  • Affordability improvements – We can lend up to a maximum of 6 x income depending on the overall household income and LTV.
  • CIS and zero hours - New gross income affordability assessment to help more clients meet affordability criteria.
  • Support for contractors and self-employed – Lending to day-rate contractors and other non-standard employment with complex income scenarios.
  • Concessionary purchase options – Helping first time buyers get on the property ladder with as little as zero deposit.

We know that every first time buyer has a story and we’re here to help you make homeownership possible for even more of them.

We combine flexible lending criteria, competitive products, and a broker-friendly approach to help make mortgages accessible even for clients who might otherwise struggle to get on the property ladder.

  • High LTV options – Lending up to 95% LTV across Level 1 and up to 90% LTV on Level 2, making it easier for clients with smaller deposits to get onto the property ladder.
  • Increased max loan - Up to £1m at 95% LTV on Level 1 and £750,000 on Level 2 at 90% LTV.
  • Affordability improvements – We can lend up to a maximum of 6 x income depending on the overall household income and LTV.
  • CIS and zero hours - New gross income affordability assessment to help more clients meet affordability criteria.
  • Support for contractors and self-employed – Lending to day-rate contractors and other non-standard employment with complex income scenarios.
  • Concessionary purchase options – Helping first time buyers get on the property ladder with as little as zero deposit.
Use our calculator to see how much your client could borrow
First time buyers eating pizza on floor

Why choose Aldermore for your first time buyers?

We’ve refreshed our residential range to help more first-time buyers and those with smaller deposits access the lending they need. With straightforward, flexible criteria and common-sense, manual underwriting, we take the time to understand each client’s full story.

Backed by dedicated expert support, our BDMs and underwriting teams work closely with you to help find a mortgage that truly fits.

Couple collecting keys to their new home
Search our lending criteria to find out more
Read our pledge for Scottish residential purchases

Case Study: Helping Sarah & James get their first home

The Challenge:

Sarah and James had been renting their home for over two years. They loved the property and wanted to take their first step onto the property ladder, but saving for a deposit while paying rent proved difficult. 

When their landlord mentioned plans to sell, they faced the prospect of having to find a new rental, disappointing news when they couldn’t raise the deposit needed for a mortgage.

How Aldermore Helped:

With the help of Aldermore’s concessionary purchase product, the landlord offered to sell the property to Sarah and James at a 10% discount.

This reduction was used as their deposit, allowing them to effectively access a 100% mortgage and purchase the home they were already living in, together with a fee free option and free valuation, this helped to keep their costs down.

The Challenge:

Sarah and James had been renting their home for over two years. They loved the property and wanted to take their first step onto the property ladder, but saving for a deposit while paying rent proved difficult. 

When their landlord mentioned plans to sell, they faced the prospect of having to find a new rental, disappointing news when they couldn’t raise the deposit needed for a mortgage.

How Aldermore Helped:

With the help of Aldermore’s concessionary purchase product, the landlord offered to sell the property to Sarah and James at a 10% discount.

This reduction was used as their deposit, allowing them to effectively access a 100% mortgage and purchase the home they were already living in, together with a fee free option and free valuation, this helped to keep their costs down.

Couple on the sofa

The Outcome:

Sarah and James successfully bought their first home with a mortgage tailored to their circumstances. The landlord was able to sell directly to loyal tenants, avoiding the need to list the property or pay associated fees, a positive outcome for everyone involved.

This case study is not based on real life events, and all applications will be assessed on a case-by-case basis.

For more information on our concessionary purchase product, read our broker guide
Young couple outside their new home

Product and Criteria Guides

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  • Residential mortgages broker portal

    For owner-occupied and individual buy to let applications. You can log in to our Residential Mortgages Broker Portal or register here.

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