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First Time Buyer

Helping you onto the property ladder

There comes a time for most people when you decide you really need a place of your own. Whether you’re moving out of your parents’ house to set up home with your partner or you want to buy on your own or with a friend, you’ll need financial help.

Whatever prompts your decision, the important thing is to talk to us early on. We have a range of options to help and can make sure that you are able to borrow the amount you need on terms that suit your income.

Apply in branch, over the phone or online


First Start:

  • First Start lets you use the borrowing power of a sponsor, such as a parent or close relative, to help you onto the property ladder
  • By taking the sponsor’s income into account as well as yours, it boosts the amount you could borrow
  • Minimum income requirement of £20,000 for the primary borrower and £30,000 for the sponsor
  • As co-borrowers you could borrow up to 95% of the property’s purchase price
  • The maximum age of the sponsor at application is 60 years and at expiry 80 years
  • Both parties are jointly and individually liable for the repayments and the total loan. As such, we strongly recommend that all parties seek independent tax, financial and legal advice before going ahead.
  • Stamp duty land tax - Sponsors who decide to be a registered owner at the land registry, will need to pay an extra 3% in stamp duty.
  • Capital gains tax- Anyone selling an additional property may need to pay capital gains tax on any profit. This includes jointly owned properties.
  • Inheritance tax- An additional property will form a part of a deceased estate for inheritance tax purposes if jointly owned.
  • First Start is also available to buyers who have been out of the property market for a while, or who need to buy a property on their own, for example if their personal circumstances have changed.

95% Mortgages:

  • To help first time buyers, we have a range of mortgages available up to 95% of the purchase price or value of the property you wish to purchase (whichever is the lower). This means you only need to provide a 5% deposit
  • To make buying your first home as affordable as possible the range also includes options to help with upfront costs, such as:

          - No product fee
          - Standard Valuation fee paid by us and
          - Cashback that you could put towards solicitors fee

Rates and Criteria

View our full range of mortgage rates and related lending criteria for new customers.

General Information

Full written details and quotations are available on request. All mortgages are subject to status and valuation and are only available to persons over the age of 18 years.

All information correct as at 2nd May 2017.

Bank of Ireland Group provides mortgages in the UK through "Bank of Ireland Mortgages" and "Bank of Ireland UK".

Bank of Ireland Mortgages is a trading name of the UK branch of the Governor and Company of the Bank of Ireland (with branch number BR000459) which is authorised by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. The registered office of the UK branch of the Governor and Company of the Bank of Ireland is 1 Temple Back East, Temple Quay, Bristol, BS1 6DX.

If you are in doubt as to your mortgage provider or have any queries relating to our UK mortgage products or services please contact our UK administration centre at: Bank of Ireland (UK Mortgages), PO Box 3191, Bristol, BS1 9HY. Phone: (0117) 979 2222. Fax (0117) 929 3878.