Mortgages for first time buyers
We are here to help you, because getting your first mortgage doesn’t have to be stressful
- £250 cashback if you've had a current account with us for 3 months or more. Terms apply. Read our terms and conditons for more information.
For every new customer mortgage completed, we give £25 to Centrepoint - a youth homelessness charity, and our charity partner. Learn more about the work we do with Centrepoint.
Get started with our mortgage tools
Check your eligibility online
- Our mortgage in principle request only takes 10 minutes.
- There's no impact on your credit score.
- It's not a commitment to lend. For that you'll need to go through a full application process.
Find your mortgage
Compare our rates and see which mortgage option is right for you.
Your home may be repossessed if you do not keep up with repayments on your mortgage
Documents or information you'll need to apply:
When you apply for a mortgage, we’ll need some things from you, such as:
- Details of your names and addresses for the last 3 years
- Details of your current income
- Details about the property
Costs related to the mortgage
You will likely need a deposit that'll be a minimum of 10% of the new property price.
Our product fee
For certain mortgage products, there'll be a product fee to pay. This is usually in return for a lower interest rate and can either be paid upfront or added to your loan.
Our valuation fee
This covers the valuation that we'll require to ensure that your property is adequate security for our loan to you.
Legal / conveyancing fees
To purchase a property you will need to appoint a solicitor or conveyancer to act on your behalf. They either charge you a flat fee, or a percentage of the value of the property.
Visit The Law Society's website to find a suitable solicitor. We also have a recommended panel of solicitors who can provide you with legal advice for purchasing your first home.
This is charged on residential properties over a certain value. It all depends on particular price brackets – but you’ll only pay the duty you need on the amount over the threshold.
Stamp duty calculator
Make sure you consider other costs such as buildings insurance or buying new furniture and redecorating.
Protect Your Home with
The Co-operative Bank acts as an introducer to Co-op Insurance. By choosing to find out more, you will be redirected to Co-op Insurance, an external group to The Co-operative Bank.
Co-op Insurance will provide The Co-operative Bank with information about the type of policy you have purchased. We will use this information to reconcile our accounts and to ensure any future marketing communications we may send you (subject to your consent) are relevant.
Co-op Insurance is a trading name of CIS General Insurance Limited; registered in England and Wales with registration number 29999R. Registered office: CIS Building, Miller Street, Manchester M60 0AL. CIS General Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under register number 435022.
Protect Your Mortgage with Legal & General Mortgage Life Insurance
Also known as life assurance or life cover, life insurance helps you ease the financial strain on your family if you were to die during the policy term. Life insurance could help your family to pay the mortgage, or household bills, and other costs like childcare. You can choose life insurance where the amount of cover stays the same, or decreases in line with the way a repayment mortgage reduces.
Call the Legal & General Support Team: 0800 072 4334
They’re available 9am to 5pm - Mon to Fri and 9am to 1pm on Saturdays (Closed on Bank Holidays)
Calls to 0800 numbers are free from landlines and mobiles.
The Co-operative Bank acts as an introducer to Legal & General. By choosing to find out more, you will be redirected to Legal & General, an external group to The Co-operative Bank.
Legal & General will provide The Co-operative Bank with information about the type of plan you have purchased. We will use this information to reconcile our accounts and to ensure any future marketing communications we may send you (subject to your consent) are relevant.
Legal & General is a trading name of Legal & General Assurance Society Limited, Company registered number 166055; registered in England and Wales with registration number 117659. Registered office: One Coleman Street, London, EC2R 5AA. Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
See if our FAQs can give you the answer.
General information for regulated mortgagesDownload General information for regulated mortgages PDF (210KB)
The Co-operative Bank reserves the right to change or withdraw any of its mortgage deals at any time. All loans are subject to status and valuation.