First time buyer
Overview
It’s not just our existing customers that we value - we want to help as many people as we can who need a mortgage, particularly people buying their first home. Whatever your circumstances, you’ll find us keen and eager to do all we can to assist.
We can offer you four options:
The interest rate is a fixed percentage above the Bank of England’s UK Repo Rate (Bank Base Rate) for the mortgage term. So if Bank Base Rate rises, up goes your monthly repayment; if it drops, down goes your monthly repayment.
The interest rate will be our standard variable rate with a discount for a specific period at the start of the mortgage. Your monthly repayments will therefore be reduced for the discounted rate period.
The interest rate will be fixed for a specific period at the start of the mortgage. Could be an appropriate choice if you want to be certain that your monthly repayments are going to stay put for a fixed period.
This is our ‘plain vanilla’ mortgage. The interest rate charged – and therefore your monthly repayments - can change, for example due to market conditions, throughout the mortgage term.
Like to know more?
If you would like to talk to us about your first mortgage you can either:
Call us on (00 350) 45050 or email us at gibraltar@npbs.co.uk
Write to us at:
Norwich and Peterborough Building Society
PO Box 535
198/200 Main Street
Gibraltar
Our opening hours are: 9:00am - 5:00pm Monday – Friday except for Wednesdays (9:30am - 5:00pm).