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Best 5 Year Fixed Rate First Time Buyer Mortgage

The chart below shows the best five-year fixed rate mortgage rates available for those who are first-time buyers at 90% LTV. You can personalise the chart by adding the value of the property you want to buy and the value of the mortgage you want to get. If you're not a first-time buyer you can also compare remortgages and moving home mortgages.

 

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Best 5 Year First time Buyer Mortgages

Best 5 Year First time Buyer Mortgages

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We found 275 products in total, of which 27 have links to providers.

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Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting an option from the drop-down will change the chart to list all products in order depending on the option you have selected, with the best rate being at the top. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position.

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  • first direct Fixed
    Rate
    4.78%
    4.78% Fixed for 5 years
    reverting to 6.99%
    APRC
    6.2%
    Max LTV
    90%
    Product Fees
    £490.00
    Initial Payment
    £910.43
    Total Over
    Check Eligibility
  • first direct Fixed
    Rate
    4.88%
    4.88% Fixed for 5 years
    reverting to 6.99%
    APRC
    6.3%
    Max LTV
    90%
    Product Fees
    £0.00
    Initial Payment
    £919.63
    Total Over
    Check Eligibility
  • Nationwide BS Fixed
    Rate
    4.90%
    4.90% Fixed for 5 years
    reverting to 7.99%
    APRC
    6.9%
    Max LTV
    90%
    Product Fees
    £999.00
    Initial Payment
    £921.47
    Total Over
    Go To Provider's Site
  • Nationwide BS Fixed
    Rate
    4.90%
    4.90% Fixed for 5 years
    reverting to 7.99%
    APRC
    6.9%
    Max LTV
    90%
    Product Fees
    £999.00
    Initial Payment
    £921.47
    Total Over
    Go To Provider's Site
  • Nationwide BS Fixed
    Rate
    5.07%
    5.07% Fixed for 5 years
    reverting to 7.99%
    APRC
    6.9%
    Max LTV
    90%
    Product Fees
    £0.00
    Initial Payment
    £937.23
    Total Over
    Go To Provider's Site
  • Nationwide BS Fixed
    Rate
    5.07%
    5.07% Fixed for 5 years
    reverting to 7.99%
    APRC
    6.9%
    Max LTV
    90%
    Product Fees
    £0.00
    Initial Payment
    £937.23
    Total Over
    Go To Provider's Site
  • Yorkshire Building Society Fixed
    Rate
    5.14%
    5.14% Fixed to 31/08/2029
    reverting to 8.24%
    APRC
    7.1%
    Max LTV
    90%
    Product Fees
    £995.00
    Initial Payment
    £943.76
    Total Over
    Go To Provider's Site
  • Yorkshire Building Society Fixed
    Rate
    5.24%
    5.24% Fixed to 31/08/2029
    reverting to 8.24%
    APRC
    7.1%
    Max LTV
    90%
    Product Fees
    £495.00
    Initial Payment
    £953.12
    Total Over
    Go To Provider's Site
  • Yorkshire Building Society Fixed
    Rate
    5.29%
    5.29% Fixed to 31/08/2029
    reverting to 8.24%
    APRC
    7.1%
    Max LTV
    90%
    Product Fees
    £0.00
    Initial Payment
    £957.82
    Total Over
    Go To Provider's Site
  • first direct Fixed
    Rate
    5.30%
    5.30% Fixed for 5 years
    reverting to 6.99%
    APRC
    6.4%
    Max LTV
    95%
    Product Fees
    £0.00
    Initial Payment
    £958.76
    Total Over
    Check Eligibility
Representative Example
Note

Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177 or email moneyfacts@mab.org.uk. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%.

Any contractual relationship will be with Mortgage Advice Bureau.

Disclaimer

Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

What are first time buyer five year fixed rate mortgages?

First time buyer five year fixed rate mortgages are those that are specifically aimed at first-time buyers and are fixed for five years. They’re typically available at 95% LTV, meaning that buyers need only provide a 5% deposit to get their foot on the ladder. Not only that, but these mortgages are ideal for new buyers who are keen to manage their finances over a longer period by knowing exactly how much their mortgage will cost them each month for half a decade. Five-year mortgages often come with a higher rate than shorter-term deals – particularly at higher LTVs – however they have the advantage of fixing the rate (and therefore repayments) for longer, so for many, the trade-off is worth it.

How our first time buyer five year fixed rate comparison chart works

Our first time buyer five year fixed rate mortgage comparison chart is a simple and easy way of comparing all the five year fixed rate mortgages for first-time buyers that are currently available on the market. If a mortgage can be applied for directly through our website, it is shown at the top of the chart, and the mortgages below are arranged to show the best rates first. The results can be easily refined by changing the filters above the comparison table – searchers can change the amount they want to borrow, the property value, how they want to repay and the overall term, as well as the region they’re looking to buy in and any specialist refinements (such as if it is a self-build property).

 

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How to choose the right first time buyer five year fixed rate mortgage for you

When choosing the right five year fixed rate mortgage as a first time buyer it is important to decide if this term is the right option, keeping in mind that better rates could be found by fixing for a shorter period. If a five year term is the right choice then it is important to look at all areas of the mortgage deal including the rate, any initial charges and whether flexible features (such as payment holidays) or incentives are included in the package to decide if it is the right choice for your circumstances.

Should I speak to a mortgage broker?

Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.

 

Speak to an award-winning mortgage broker today

 

MAB is the preferred mortgage broker of MoneyfactsCompare

 

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Call 0808 149 9177 or request a callback

Mortgage Advice Bureau offers fee free mortgage advice for MoneyfactsCompare visitors that call on 0808 149 9177. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.