First Time Buyer Mortgages

First Time Buyer Mortgages with Manchester Money

We're 5 Star Rated on Google

First Time Buyer Mortgages Manchester

Last updated: 17th June 2025

Buying your first home is one of the most exciting moments in life – but it can also feel like a daunting journey. At Manchester Money, we specialise in helping first-time buyers like you navigate the mortgage process with confidence, clarity, and expert support every step of the way. As award-winning mortgage brokers based in Manchester, we’re here to make sure you don’t just find a mortgage – you find the right mortgage for you.

Why Choose Manchester Money for Your First Mortgage?

Choosing the right partner for your first mortgage makes all the difference. Here’s why so many first-time buyers across Manchester and beyond trust us to guide them:

Award-Winning Mortgage Experts – Proud winners of Top Broker and Top Mortgage Employer awards.

Personalised Advice – No two buyers are the same. We tailor our recommendations to your situation.

Whole-of-Market Access – Unlike many banks, we search the entire mortgage market to find you the best deal.

Convenient Appointments – Speak to us over the phone or online from the comfort of your own home.

Friendly, Jargon-Free Support – We break down the mortgage process into easy steps, making everything clear from start to finish.

Get a Quote

How Does a First Time Buyer Mortgage Work?

If you’ve never applied for a mortgage before, don’t worry – we’ll guide you through every stage. Here’s a quick overview:

Deposit: Most first-time buyers will need at least a 5% deposit, but the more you can put down, the better the rates you may receive.

Loan-to-Value (LTV): LTV is how lenders describe the size of your mortgage compared to your deposit. For example, if you have a 10% deposit, your LTV is 90%.

Mortgage Types: We’ll help you decide between:

Fixed-rate mortgages (stay at the same rate for a set time)
Tracker mortgages (move up or down depending on interest rates)
Discount mortgages (offer lower rates than the lender’s standard rate for a set period)

Stamp Duty Relief: As a first-time buyer, you may benefit from reduced or even zero Stamp Duty on properties up to a certain value (depending on current government schemes).

Request Callback

First Time Buyer Schemes You Might Be Eligible For

As a first-time buyer, you may be eligible for extra help from government schemes or special arrangements. We’ll explore every possible option for you.

Shared Ownership: Buy a share of a property (usually between 25% and 75%) and pay rent on the remaining share. Ideal for first-time buyers who can’t afford 100% of the home straight away.

First Homes Scheme (if applicable): A government scheme offering selected new-build properties to first-time buyers with a discount of 30–50% off market value.

Deposit Unlock (if available): A scheme that allows you to buy a new-build home with just a 5% deposit, with special support from home builders.

Right to Buy: If you currently rent from a council or housing association, you could have the right to buy your home at a significant discount.

With Manchester Money, you don’t need to worry about eligibility criteria or paperwork – we’ll handle the details and advise you on the best routes available for your situation.

Book Appointment

Your First Home Journey Starts Here

Are you ready to take that first big step? Whether you’re still saving for a deposit or already have a property in mind, Manchester Money is here to help make your dream a reality.