First Homes Mortgages
This type of mortgage is for existing borrowers, who currently have a First Homes Mortgage, whose product is coming to an end or need additional borrowing.
![](/media/dpjocimt/first-homes-image-v3.png)
Our mortgages
You can mark products as favourites, allowing you to gather all your favourited items for a comparison.
Government First Homes Scheme - 2 Year Discount 95% LTV
Initial Interest Rate
6.14%
Maximum Loan To Value (LTV)
95%
Overall Cost for Comparison
8.10%
Product Code
R197
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a discounted variable rate of 6.14% for 2 years, a further discounted variable rate of 7.49% for 4 years, followed by our Standard Variable Rate of 8.74%. In this example you would make an initial payment of £1,694.62, 23 monthly payments of £1,501.70, 48 payments of £1,685.50 and 228 monthly payments of £1,838.30.
The total amount payable would be £536,345.12 made up of the loan amount plus interest of £306,270.12 and the following cost, a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 8.10% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.