Let us help you get ‘mortgage ready’

You’ve decided to buy your first home. It’s an exciting time and also a big decision, but that doesn’t mean it has to be difficult. Just speak to us about your first mortgage and we’ll help you get ‘mortgage ready’.

 

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Features and benefits

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    Great mortgage rates

    Fixed rate until 28 February 2021

    Minimum deposit (% of property price) Initial fixed interest rate Interest rate following the fixed interest term The overall cost for comparison Early repayment charge
    15% 2.85% The Bank's standard variable rate, currently 4.45% 4.4% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.
    10% 3.00% 4.4% APRC
    5%* 3.40% 4.5% APRC

    Fixed rate until 28 February 2024

    Minimum deposit (% of property price) Initial fixed interest rate Interest rate following the fixed interest term The overall cost for comparison Early repayment charge
    15% 2.60% The Bank's standard variable rate, currently 4.45% 4.0% APRC If the mortgage is repaid or reduced within the fixed rate period, an early repayment charge will apply.
    10% 2.88% 4.0% APRC
    5%* 4.45% 4.7% APRC

    Other rates are available or if you have a larger deposit, we also have other fixed or variable rate products. See our mortgage rates page to find out more 

    *5% minimum deposit above applies to property values of up to £250,000. The minimum deposit for properties valued between £250,000 and £750,000 is 10%. The minimum deposit for properties over £750,000 is 20%

    To calculate what a mortgage payment is likely to be, click here

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    We offer mortgages with as little as 5% deposit required

    To help you get on the property ladder, a minimum deposit of 5% will be required on properties valued up to £250,000.

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    Up to £1,500 cashback

    Cashback applies as follows:

    Cashback amount Products available on
    £1,500 New 5 Year Fixed Rate mortgage only
    Some exclusions apply: Further Advances, and loans less than £65,000.

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    No application or booking fee

    As a residential first time buyer, you will not pay an application fee, or a booking fee if you want to secure a particular fixed rate mortgage deal.

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    Free valuation for first time buyers

    This fee covers the lender's valuation report.

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    Other features and information about our mortgages

    Other Features

    • Repayment terms of up to 35 years may be available to you
    • A local mortgage adviser to guide you through the process

    Useful Information

    • What you can borrow will depend on what you can comfortably afford to repay monthly, this may vary depending on individual circumstances
    • You will require home insurance
    • Keep in mind you will also need money for valuation fees, legal fees, maybe a surveyor and Stamp Duty. Not forgetting possible repairs and decoration on your new home

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Talk to us


Speak with a mortgage adviser today. They’ll explain exactly what’s involved, and answer any of your questions.

 

Call us on 028 9082 1655, request a callback or drop in to any First Trust Bank branch.

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Mortgage Calculators

First Time Buyer Repayment Calculator

Find out what a monthly mortgage payment is likely to be based on the mortgage amount, term and interest rate you input below. To view our current mortgage rates, click here.

 

This calculator is for illustrative purposes only and is not a mortgage offer or a commitment to lend.

 

Estimated monthly repayment: £

469

 

This is based on capital and interest repayment mortgage and is for illustrative purposes only. Interest rates are subject to change.

 

If you want to find out more information on our mortgages or want to apply, call us on 028 9082 1655 or  request a callback . Mortgages are subject to an appraisal of the applicant's financial standing.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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Mortgage Affordability Calculator

Want to check if you can afford a mortgage? Why not use our Mortgage Affordability Calculator.
        Start >      

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Representative example

  • Loan value: £147,357
  • Loan term: 29 years
  • Loan Type: Fixed rate for 5 years, reverting to standard variable rate for the remaining term
  • Initial monthly repayments: £630.34, followed by a repayment of £724.33 for the remaining term
  • Fixed rate: 2.88% for 5 years
  • Standard variable rate: currently 4.45%
  • APRC (annual percentage rate of charge): 4.1%
  • Number of monthly instalments: 348
  • The following fees are included in the calculation for this example:
    • Funds transfer fee, £30;
    • Mortgage exit fee, £55;

If the rates do not vary during the term of the mortgage, the total cost of credit (the total amount repayable less the amount of the mortgage) would be £104,339.44. This means that the borrower would have to pay a total amount of £251,696.44. Home insurance is required.

Help and guidance

 

General Information about First Trust Bank Mortgages

 

Frequently asked questions

Whatever your mortgage question, you can bank on us

 

Tariff of Mortgage Charges

Your mortgage fees and charges explained

Important information

First Trust Bank reserves the right to withdraw or amend products at any time. Loans are granted subject to an appraisal of the applicant's financial standing. Applicants must be 18yrs or over. Minimum mortgage amount £25,000. Lending criteria, terms and conditions apply. An independent valuation will be required. Your mortgage will be secured against the mortgaged property. Other security may be required. Primary residence only.

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