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First time buyers

First Time Buyers

Buying your first home?

Our helpful guide for first time buyers lets you know what to expect at each step of buying your first home.

Mortgage calculator

• How much can I borrow?

• How much will it cost?
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CONGRATULATIONS!

So you’re thinking about buying your first home? Let us help guide you to your front door.

That first step on the property ladder can feel like the biggest step. You may feel a little unsure and need some guidance? Maybe you're looking to see how much you can borrow? You might just want to talk to someone or maybe you're ready to apply for your first mortgage?

We can help you whatever stage of the journey you're on:

  • Take a look below at our mortgage guides
  • Visit our mortgage calculator to see how much you can borrow
  • Take a look at the mortgage products below, which may be of interest to you as a first time buyer
  • Find out what Help to Buy - Wales is and how that might help in buying your home
  • And if you just want to talk or if you're ready to apply for your first mortgage, you'll find our contact details at the bottom of the page

Mortgage Video Guide

Watch our animated guide introducing the basics of a mortgage (02:22)

Watch our animated video guide

We walk you though the basic things to know when you start researching mortgages and tell you how to work out the Loan to Value (LTV) of the mortgage you might need.

Mortgage Guides

Arranging a mortgage can seem daunting, but it doesn’t need to be. We show you how in our step by step guide. Buying your first home needn't be complicated. We answer your questions in our helpful first time buyers guide.

Your Principality mortgage guide has been designed to help and guide you step-by-step through the mortgage application process.

We guide you through the product options for your mortgage

We help show you how in 8 simple steps

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

To view all of our mortgage products currently on sale, click on Full Range of Mortgage Products.

As a first time buyer, you may be interested in our range of low deposit mortgage products. Just click on any of the products listed in the table below. Please note that some of these products may be only available in Wales and the post code areas of Shropshire (SY), Herefordshire (HR) and Cheshire (CH1, CH2, CH3 & CH4 only).

Initial rate Until Then standard variable rate Overall cost for comparison Product Fee Mortgage Commitment Fee More details
Fixed until 28/02/2018 (Wales Only) 95% LTV 3.85% Until 28/02/2018 4.99% 4.9% APR £0 £99 More about this product

What our 2 Year Fixed Rate Mortgage means to you;

  • You'll know exactly what your payments are each month
  • You have the certainty of a fixed interest rate for 2 years
  • You're able to borrow up to 95% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £250,000
  • This product is only available in Wales and the post code areas of Shropshire (SY), Herefordshire (HR) and Cheshire (CH1, CH2, CH3 & CH4 only)

Fixed until 28/02/2018 90% LTV 3% Until 28/02/2018 4.99% 4.8% APR £0 £0 More about this product

What our 2 Year Fixed Rate Mortgage means to you;

  • You'll know exactly what your payments are each month
  • You have the certainty of a fixed interest rate for 2 years
  • You're able to borrow up to 90% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £300,000

Fixed until 28/02/2019 90% LTV 3.2% Until 28/02/2019 4.99% 4.7% APR £0 £0 More about this product

What our 3 Year Fixed Rate Mortgage means to you;

  • You'll know exactly what your payments are each month
  • You have the certainty of a fixed interest rate for 3 years
  • You're able to borrow up to 90% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £300,000

 

Fixed until 28/02/2019 (Wales Only) 95% LTV 3.9% Until 28/02/2019 4.99% 4.9% APR £0 £99 More about this product

What our 3 Year Fixed Rate Mortgage means to you;

  • You'll know exactly what your payments are each month
  • You have the certainty of a fixed interest rate for 3 years
  • You're able to borrow up to 95% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £250,000
  • This product is only available in Wales and the post code areas of Shropshire (SY), Herefordshire (HR) and Cheshire (CH1, CH2, CH3 & CH4 only)

Fixed until 28/02/2021 90% LTV 3.6% Until 28/02/2021 4.99% 4.6% APR £0 £0 More about this product

What our 5 Year Fixed Rate Mortgage means to you;

  • You'll know exactly what your payments are each month
  • You have the certainty of a fixed interest rate for 5 years
  • You're able to borrow up to 90% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £300,000

Fixed until 28/02/2021 (Wales Only) 95% LTV 4.4% Until 28/02/2021 4.99% 4.9% APR £0 £99 More about this product

What our 5 Year Fixed Rate Mortgage means to you;

  • You'll know exactly what your payments are each month
  • You have the certainty of a fixed interest rate for 5 years
  • You're able to borrow up to 95% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £250,000
  • These products are only available in Wales and the post code areas of Shropshire (SY), Herefordshire (HR) and Cheshire (CH1, CH2, CH3 & CH4 only)

Ways To Apply

  • Phone icon 0330 333 4000

    We're always happy to hear from you.

  • Visit us in branch

    Meet up with us. We're happy to help.

By calling us or visiting one of our branches across Wales and the Borders one of our mortgage consultants will be able to assess your circumstances and recommend a mortgage that is appropriate to your needs.

 

To help us maintain our service and security standards, telephone calls may be monitored or recorded. Your personal details may be used by Principality Building Society to contact you about your application.

Principality Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, reference number 155998.