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Buying Your First Home

A simple and straightforward guide showing the key steps from start to finish – from looking for a home, getting a mortgage and then moving in.

Why choose us?

  • 5% deposit mortgages so you don’t have to save as much and can get into your first home sooner.

  • Gifted deposits. Your first home could be closer than you think with a gifted deposit

  • A free standard valuation on a property valued up to £2.5 million on the majority of our mortgages.

  • Loyal First Time Buyer exclusive mortgages available to Santander Help to Buy: ISA or Santander current account customers. Only available in branch or by phone. The Santander Help to Buy: ISA or Santander current account must have been open for at least 30 days. If you have a Santander current account the new mortgage Direct Debit must be paid from this account.

  • Choose how you apply. If you're comfortable choosing a mortgage without advice you can apply online. However if you'd like advice, give us a call or visit a branch.

  • Award winning with over 160 years of experience so you know you're in safe hands.

  • See your mortgage in Online and Mobile Banking.

It’s really important you protect your new home. Find out more about Santander Home Insurance, which offers two levels of cover to suit your needs.

Plus if you're a 1|2|3 Current AccountSelect Current Account or 1|2|3 Lite Current Account customer, there are other benefits available to you.

Repaying your mortgage

A mortgage has two parts. The original amount you borrow to buy your home (known as capital), and the additional amount the lender charges for lending you this money (known as interest). You can choose a Repayment mortgage, an Interest Only mortgage or a combination of the two.

  • Repayment mortgages – your monthly payment is made up of capital and interest. As long as you keep up your payments, your mortgage will be paid off when your mortgage term ends.

  • Interest Only mortgages – your monthly payment only pays the interest you owe. You’ll still have to repay the capital at the end of your mortgage term and must make sure you have a way of doing so.

Different types of mortgages

  • Fixed rate – gives you peace of mind of knowing exactly what your monthly mortgage payments will be during the initial rate period.

  • Tracker rate – tracks above the Bank of England base rate during your initial rate period so your monthly mortgage payments will only change if the base rate changes.

  • Lifetime Tracker – tracks above the Bank of England base rate for the life of your mortgage term.

To find out more: different types of mortgages explained

Work out your costs

Find out how much you could borrow and what your monthly payments might be by using our mortgage calculator.

We want to make buying your first home easier, so we’ve provided a useful guide, simple video and mortgage calculators to help.

  • A step-by-step guide to buying your first home

This guide includes all you need to know from saving for your deposit, who you need to involve and when, and the types of costs you can expect to pay.

  • Mortgages made simple video

Watch customers and advisers talking about some useful tips on buying a new home.

  • Different types of mortgages explained

Understand the differences between fixed and tracker rate mortgages.

  • Jargon buster

Our online glossary can help you understand some of the common mortgage terms you’re likely to hear.

  • Mortgage budget planner

Work out how much you spend each month using our calculator.

There are several housing schemes we support that can make buying your first home easier.

Shared Ownership
This allows you to part-own, part-rent your home in the first instance. You can buy larger shares in your home - up to 100% - as time goes on.

  • These schemes are run by Housing Associations (non-profit organisations that own, let, and manage rental housing)

  • You need at least a 10% deposit for the share of the home you're buying with a mortgage

  • You pay a subsidised rent to the Housing Association for the part you rent.

You need to check with the Housing Association to see if you're eligible for a Shared Ownership scheme. If you are, you can choose from our full mortgage range and apply in your local Santander branch or over the telephone.

To find out how much you could borrow and what your monthly payments might be, use our mortgage calculator.

Find out more about Shared Ownership

Help to Buy: ISA
It's a government scheme that rewards you for saving regularly for a deposit on your first home. You'll only be eligible for the government's 25% bonus if you've met the scheme's eligibility criteria.

To find out more about our Help to Buy: ISA click here.

Help to Buy: equity loan and London Help to Buy
This government-run scheme combines a mortgage with an equity loan and allows you to buy a brand new home in England.

  • You put in at least 5% deposit and the government could provide an equity loan of up to 20% of the purchase price, or up to 40% if you're buying in a London borough (London Help to Buy).

  • The equity loan is interest-free for five years after which you start being charged interest.

We don't offer these mortgages through branch or over the telephone, so you'll need to speak to a Financial Adviser.

Find out more about Help to Buy: equity loan and London Help to Buy 

Forces Help to Buy
This is a Ministry of Defence (MOD) scheme designed to help you if you're regular armed forces personnel. It can't be used with any other mortgage schemes.

The MOD will see if you qualify, and you could borrow up to 50% of your annual salary (up to a maximum of £25,000) to pay the deposit on your first home. The loan is interest-free and must be paid back to the MOD within ten years through your salary.

The mortgage itself works in exactly the same way as a standard mortgage. You can choose from our full mortgage range and apply in your local Santander branch or over the telephone.

To find out how much you could borrow and what your monthly payments might be, use our mortgage calculator.

Find out more about Forces Help to Buy

Before you put an offer in on a home, you need to get a decision in principle. This instantly tells you if we could lend you the amount you need. You'll also need this before you can apply online for a mortgage.

Then when you've had an offer accepted on the home you want to buy you can complete a mortgage application. There are three different ways of applying:

Online without advice
Watch our short video to see how easy it is to apply online.

Apply now

Contact Us By phone with advice
Call us on 0800 068 6064.
Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays.

In a branch with advice
Find your nearest branch



All applications are subject to status and our lending criteria. This means that the amount we will lend you will depend on your individual circumstances, the type of property and the amount you borrow. For example, we may require a higher deposit if you are buying a flat or a new build property.

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