First-Time Buyer Mortgages With a 5% Deposit
First-time buyer mortgages with a 5% deposit let you buy with just 5% saved, and the lender covers the other 95%. Got your 5%? It is usually enough. We arrange these every week. Based in Sleaford, free until your offer is approved.
5.0★ · 718 reviews
Whole of market
Free until approved
Your Lincolnshire mortgage team
Nick, Kasia & the team
Qualified advisers and support, here for every step
How much is a 5% deposit?
5% of the price. On a £200,000 home that is £10,000 down and a £190,000 mortgage, a 95% loan-to-value (LTV) mortgage. See your figure with our deposit calculator.
95% LTV mortgages for first-time buyers
A 5% deposit means a 95% LTV mortgage. Plenty of lenders offer them, but criteria and rates shift constantly and each scores you differently. As former bank managers with whole-of-market access, we match you to one that fits, not just your own bank.
What’s the average deposit for a first-time buyer?
Ignore the big “average” figures. They are skewed by buyers who put down more. You do not need the average; you need a lender who lends at 95%. Prices in and around Sleaford sit below city levels, so 5% goes further here.
Low-deposit schemes for first-time buyers
If 95% lending is tight, other routes help: mortgage guarantee schemes, shared ownership, a gifted deposit, or a new build. We will tell you which fits.
What it costs
Free until your mortgage offer is approved. Then a fee, typically £299, or £199 for Armed Forces and Blue Light Card holders. Your home may be repossessed if you do not keep up repayments on your mortgage.
Local to you
Easy to reach from Lincoln and the surrounding areas
We are on Carre Street in Sleaford, a short hop from the A15 and A17 and minutes from RAF Cranwell. Pop in for a coffee, or run the whole thing by video and phone, whichever suits you.
RAF Cranwell
10 mins
Lincoln
25 mins
Grantham
20 mins
A15 & A17
On the doorstep
No surprises. Ever.
Never a surprise fee. Here is how ours work, plainly: advice is free until your mortgage is approved.
- Free until your offer is approved
- Whole-of-market, not one bank’s shelf
- We tell you the fee before any work begins
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
Our fees, in plain English
Until a fully approved mortgage offer
Free
Standard fee thereafter
Typically £299
Armed Forces & Blue Light Card
£199
Like-for-like remortgage rate switch
No fee at all
Figures correct at time of advice. We confirm everything up front.
718 verified reviews, rated 5.0
271 reviews on Google and 447 on VouchedFor for 4 advisers, all independently verified. A 5.0 average across both.
5.0 average · Google & VouchedFor
The people behind your mortgage
From first chat to front-door key
Let’s make your move simple
Free, no-obligation consultation. We listen, compare the whole market, and hand you a clear plan, no jargon.
Free until your offer is approved
No jargon, no pressure
Whole-of-market advice
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
