First time buyer Cashback mortgages
Your home may be repossessed if you do not keep up repayments on your mortgage.
First time buyer cashback mortgages
Get extra help with expensive moving costs (such as Stamp Duty or solicitor’s fees) when you buy your first home.
Only for first time buyers on loans of 90% or 95% Loan-To-Value (LTV).
The cashback you'll get depends on how much you're borrowing.
For a joint mortgage application, one applicant must qualify as a first time buyer.
What is cashback?
Cashback is a payout of money you get when you complete on specific mortgage products.
It’s paid to your solicitor who can give you the money or use it to pay costs like Stamp Duty or other fees on your behalf.
You can use cashback for anything, it’s your money.
Is a first time buyer cashback mortgage right for me?
It can help you get a foot on the ladder sooner.
Cashback offers support to deal with moving costs.
Things to consider with a first time buyer cashback mortgage
We charge a higher rate of interest in return for providing cashback.
This means your monthly repayments will be higher.
Early repayment charges apply and other fees and charges may apply.
How to get a first time buyer cashback mortgage
Get a Decision in Principle (DIP)
Get a DIP to find out how much you could borrow. Choose how to get a DIP below.
You may need a DIP to make an offer on a home.
Apply for a mortgage
Complete a full application online or over the phone.
If you have less than 10% deposit, you'll need to apply over the phone.
If you have less than 10% deposit, you'll need to apply over the phone.
Get your mortgage offer
We'll value your home and check your credit history. Then we'll be in touch within 15 working days.
Complete
Once the legal work is complete, you’ll exchange contracts. You will then complete and get the keys to your new house.
It’s at this point that we’ll send your cashback to your solicitor.
It’s at this point that we’ll send your cashback to your solicitor.
Get a Decision in Principle
Apply online
Instant decision
Valid for 90 days
Doesn't affect your credit score
Find out if you can apply online and start our 10 minute application.
Speak to an expert
Talk to our mortgage specialists.
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.
Find a mortgage rate
Our mortgage rate finder can help if you’re a new YBS mortgage customer thinking of:
Buying your first home
Moving home
Remortgaging
We don’t offer mortgages on:
Buy-to-let properties
How much is stamp duty?
Use our simple calculator to find out how much you might owe. Simply enter your borrower type, purchase price and the location of the property you’re hoping to buy and we’ll give you a handy estimate.
Saving for your mortgage deposit?
Our first time buyer savings account is here to help you get moving. It's called the First Home eSaver and it's designed especially for first time buyers.
Exclusively for first time buyers
Open from £1
Save up to £500 per month for 2 years
Interest paid annually
One withdrawal day per year, based on the anniversary of account opening, plus closure.
Learn more about mortgages
Find more about first time buyer mortgage in our helpful guide, including:
Key steps in the home-buying journey
A quick guide to mortgages
Tips on how to work out what you can afford.
Get in touch with us
Call us
Chat to our mortgage specialists about your options.
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.
Book an appointment
Book an appointment and we'll call you back.