How it works

Our Property Assist mortgage allows us to lend 100 per cent of the purchase price of a property for first-time buyers who can’t raise their own deposit. We offer the opportunity for their parents or other close family members to secure the equivalent of a 20 per cent deposit against their home in the form of a legal charge.

Read our guide which provides answers to commonly-asked questions about this type of product.

Or, if you think this product might be for you, please get in touch with one of our friendly mortgage advisors so that they can talk you through what’s involved in more detail. You can also find out how Income Assist works and use our Affordability calculator on our Family Assist page.

TermReverting to SVR** for the remainder of the term, currentlyAPRC - The overall cost for comparison isCompletion FeeMaximum loan to value
5.89%3 Years8.24%
Follows SVR with discount of 2.35%
(which will not go below a floor rate of 2.50%)

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

Repayment method capital and interest (repayment)
Minimum loan £80,000, maximun loan £500,000
Minimum property value £80,000 (£150,000 outside HU & YO postcodes)
Maximum term 40 years, minimum term 5 years
Subject to personal circumstances meeting Lending Policy
This product may be withdrawn without notice
Minimum age 18 years
Only available on properties in England and Wales
The APRC will depend on your individual circumstances
Available to first-time buyers


Overpayment of 10% of the mortgage can be repaid each year during the discount period. If an overpayment of more than this amount takes place a 2.00% early repayment charge will be applied during the discount period.

A mortgage of £101,020 secured by a first charge on your main residential property, payable over 25 years initially on a discounted rate of 5.89% for 3 years and then on our Standard Variable Rate (SVR) of 8.24% (variable) for the remaining 23 years would require 36 monthly payments of £644.10 and 264 monthly payments of £782.12.

The total amount payable would be £230,209.78 made up of the loan amount plus interest (£129,189.78) including completion fee of £995, funds transfer fee £25, valuation fee £225 deeds sealing and dispatch fees of £200.

The overall cost for comparison is 8.0% APRC representative.

Please note: the quoted discount payment rate will not go below a floor rate of 2.50% during the discounted period.

Tel: 01482 881510

Visit branch

Pop into our branch for a word with a member of our friendly team

Find us

Call us

To speak to a member of our friendly team about your requirements

01482 881510

Arrange a callback

And a member of the team will get back to you as soon as possible

Start now
Skip to content