First Time Buyer Mortgage Calculators 2025
Our professional calculators are specifically designed for first-time buyers, helping you understand how much you can borrow, plan your deposit, calculate stamp duty relief, and estimate all costs involved in buying your first home. Updated for October 2025 UK market conditions and government schemes.
First-Time Buyer Calculator
Estimate your mortgage, deposit, and monthly payments as a first-time buyer in the UK.
Available Tools
FTB Affordability Calculator
Calculate how much you can borrow as a first-time buyer.
- Income assessment
- Debt consideration
- Deposit impact
FTB Deposit Calculator
Plan your deposit with government schemes and savings options.
- LISA calculations
- Help to Buy options
- Savings timeline
FTB Cost Calculator
Calculate all costs involved in your first home purchase.
- Stamp duty relief
- Legal fees
- Moving costs
Professional Features
FTB-Specific
Tailored for first-time buyers
Scheme Integration
All government schemes included
Clear Guidance
Step-by-step explanations
Professional Reports
Detailed PDF summaries
Frequently Asked Questions
Common questions from first-time buyers
How much deposit do I need as a first-time buyer?
Most lenders require a minimum 5-10% deposit for first-time buyers. For a £200,000 property, that's £10,000-£20,000. However, a larger deposit (15-25%) will give you access to better mortgage rates. Government schemes like Help to Buy and Lifetime ISAs can help you build your deposit, with the LISA offering a 25% bonus on savings up to £4,000 per year.
What help is available for first-time buyers?
First-time buyers can access several support schemes including the Lifetime ISA (25% government bonus), Help to Buy Equity Loan (20-40% government loan), Shared Ownership (buy a share of a property), and First Homes scheme (30-50% discount on market value). You also get stamp duty relief on properties up to £425,000, potentially saving you thousands in tax.
How much can I borrow as a first-time buyer?
Lenders typically offer 4.5-5 times your annual income, though this can vary based on your credit score, deposit size, and other financial commitments. For example, with a £30,000 salary, you might be able to borrow £135,000-£150,000. Some lenders offer enhanced multiples for professional occupations or higher incomes.
What costs should I budget for beyond the deposit?
Additional costs include mortgage fees (£1,000-£2,000), legal fees (£800-£1,500), survey costs (£400-£800), moving expenses (£300-£600), and potential mortgage insurance. While first-time buyers get stamp duty relief up to £425,000, you may still need to pay this on higher-value properties. Also budget for initial furnishing and any immediate repairs or improvements.
How long does it take to buy a first home?
The process typically takes 3-6 months from having an offer accepted to completion. This includes mortgage application (2-4 weeks), legal work (8-12 weeks), surveys (1-2 weeks), and exchange/completion (2-4 weeks). Having your deposit ready, a mortgage agreement in principle, and all necessary documents prepared can help speed up the process.