First Time Buyer Mortgage | First Time Home Buyer

HSBC UK
Mortgages
First-time buyer

Start your journey to your first home

We're here to help you open the door to a place of your own. With low-deposit mortgages, our latest rates, online tools and handy guides, we make it easier to find a mortgage.

How to apply

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Tools to help you choose

Not sure which mortgage is right for you?

Use our calculators to work out what you could borrow or your monthly payments.

Choose a mortgage

Take a look at our latest rates or find out more about buying your first home.

Why choose us

Make overpayments

This can reduce the size of your mortgage (subject to your mortgage terms).
Fee saver mortgages

There's no booking fee on selected mortgages and all come with a standard valuation at no extra cost.
Borrow up to a 40-year term

Choose your length of term – up to 40 years, so your monthly payments can suit you.
Apply by phone or online

You can speak to one of our mortgage advisors or apply online.

Find out how to apply

Starting your journey to becoming a homeowner with us is easy.

First, you'll need a Decision in Principle – we’ll explain how to do this over the phone or online.

Then, we'll let you know what you’ll need to do for your mortgage application.

Our mortgage advisers will be happy to offer you advice over the phone.

How to apply

Already started applying? Pick up where you left off.

Continue application

Frequently asked questions

First-time buyers (buyers who have never owned a property, or part of a property, anywhere in the world) get a special discount on Stamp Duty. This means you won't have to pay Stamp Duty on the first £425,000 of the property price, as long as it's below £625,000.

It depends on how much the property costs and what kind of mortgage you get.

If you're saving up to buy a £250,000 property for example, and you have a mortgage that allows you to borrow 95% of the purchase price, then you would need a deposit of £12,500. If your mortgage allows you to borrow 85% of the purchase price, then you would need a deposit of £37,500.

You can use our mortgage calculator to work out how much you might be able to borrow.

To be eligible for a buy-to-let mortgage with HSBC you must have owned and lived in your existing property for at least 6 months. Therefore we don't offer buy-to-let mortgages to first-time buyers.

A Decision in Principle gives you an idea of how much you might be able to borrow from us. It's the first key step in the mortgage process.

You can apply for a Decision in Principle, over the phone, in branch or online. It should only take 15 minutes. It’s useful to have because it shows estate agents that you’re serious about house hunting and gives them an indication of the size of mortgage you may be able to get.

We base the Decision in Principle on what you tell us, our security checks, and a soft credit check, which won't affect your credit file.

You can also use our mortgage calculator to work out how much you might be able to borrow.

If you can’t get a mortgage to buy a property outright, a shared ownership scheme could enable you to buy a proportion of your home through a housing association. You then pay rent on the rest.

Right to Buy: Buying your council home

The Right to Buy scheme makes it possible for existing council tenants to buy their council home.

You can find out if you're eligible by taking the quiz on the .GOV website.

Right to Acquire: Buying your housing association home

The Right to Acquire scheme makes it possible for existing housing association tenants to buy their rented home at a discount.

For more information, including eligibility requirements, visit GOV.UK: Right to Acquire.

Forces Help to Buy scheme

This is similar to the Help to Buy equity Loan scheme, but available exclusively to regular members of the armed forces.

Under this scheme, you can borrow up to 50% of your salary interest-free (maximum £25,000) to raise a deposit.

The .GOV website provides more information on the Forces Help to Buy Scheme.

First-time buyer mortgages

Start your journey to your first home

Tools to help you choose

Choose a mortgage

Why choose us

Find out how to apply

Frequently asked questions

Do first-time buyers pay Stamp Duty?

How much deposit does a first-time buyer need?

Can first-time buyers get a buy-to-let mortgage?

How much can first-time buyers borrow?

What schemes are available for first-time buyers?

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