At Mansfield Building Society, we’re proud to support first time home buyers with a range of mortgage products and a flexible approach that can help you get your foot on the property ladder.
If you’re looking to buy your first house we have flexible criteria that could really help you buy the home that you’re looking for.
Low deposit mortgages are a major benefit for first time buyers and there are a number of ways that we can help. We can accept deposits that have been gifted from a family member or if a family member wishes to help with the deposit by offering security through cash savings or equity in their own home, we can do this under a designated range of Family Assist mortgages.
These days, first time buyers looking for a joint mortgage can need this to extend beyond just partners, friends or siblings living together.
At The Mansfield, we allow up to four people on a mortgage application and that can include a family member acting as a guarantor to meet the mortgage payments in case the borrower may not be able to meet them. Subject to product availability, we can also allow circumstances where a close family member can contribute to the mortgage and not have any ownership rights on the property, this is something called a Joint Borrower Sole Proprietor mortgage*.
As well as our flexible approach, there are various types of mortgages for first time buyers . Below is a selection from our range of mortgage products for first time buyers available in the UK across England, Wales and Scotland*.
*Joint Borrower Sole Proprietor criteria is not available on Family Assist or Help to Buy mortgages. Our Help to Buy mortgage is not available in Scotland and other lending restrictions apply in this country, please see product details for full terms and conditions.