expanded First time buyers

First time buyers

Fit for your first home

Homes are so much more than bricks and mortar. And when it's your first, there can be a lot to think about, which can sometimes feel overwhelming.

Don't worry – we're here to help. We'll give you the tools and information you need to get ready for the first rung.

Why get a mortgage with us?

Here are just some of the things that can make our mortgages work for you:

  • A range of 2 and 5 year fixed rate products
  • Up to 95% loan to value (on mortgages up to £300,000) – so just a 5% deposit. You may be able to borrow more if you have a bigger deposit. View our lending limits.
  • Free standard valuation available
  • Overpay up to 10% of your outstanding balance each year without charge (terms and conditions apply to all our flexible features)

A little something extra

  • When you take out a mortgage with us we'll help you make your budget go a bit further with our added shopping reward

Our mortgage calculator

Use our calculator to get an idea of what you can borrow and your monthly payments.

Steps to buying your first home

We'll guide you through everything from the money to the move.

Other costs to factor in

Make sure you've got enough in your budget to cover everything – from valuation fees to Stamp Duty.

Our mortgages

Whether it's fixed rate or fee-free, we've got a range of mortgages to choose from.

How to apply for a mortgage

Check you can apply and what you'll need.

Because we're Sainsbury's

Get an added shopping reward.

About our mortgages

The right mortgage for you

We've got a variety of mortgage products and mortgage rates to choose from which we've built with your needs in mind. Whether you're taking your first step onto the housing ladder, you're looking to remortgage your home or moving house – we'll help you find the right mortgage.

Fixed Rate

Our Fixed rate mortgages have an interest rate that stays the same for an agreed period of time. This means you can be sure of exactly what you'll be paying on your mortgage each month, as your mortgage rate won't change during the fixed rate period.

With this type of mortgage you:

  • Can fix your rate for 2 or 5 years
  • Can get up to 95% loan to value
  • Could pay off your mortgage balance quicker, by taking advantage of our option to make overpayments of up to 10% each year on your mortgage balance without incurring early repayment charges

Take a look at our mortgage rates (PDF, 441KB).

Our lending limits

The amount we will lend depends on your personal circumstances. However, as a guide the minimum amount we will lend is £40,000 and the maximum is £1,000,000. The table below shows the loan to value we may offer based on the amount of lending you require:

First time buyer and home mover

Amount of lending What we may be able to lend
£40,000 - £300,000 Up to 95% Loan to Value 
£300,001 - £500,000 Up to 90% Loan to Value
£500,001 - £750,000 Up to 80% Loan to Value
£750,001 - £1,000,000 Up to 75% Loan to Value

For new build houses, the maximum LTV is 85%.
For new build flats, the maximum LTV is 75%.

Paying back your mortgage

With our mortgages your monthly repayments go towards paying off the capital amount you borrowed as well as the interest on it. This means the capital amount goes down throughout the mortgage term, and by the end of it, you've repaid your mortgage in full if you've kept up your repayments. This type of mortgage is called Capital and Interest or sometimes a Repayment mortgage.

Our mortgage calculator

Mortgage calculator

Find out more

How to apply

How to apply for a Sainsbury's Bank mortgage

With so many choices to make when deciding on the right mortgage, Sainsbury's Bank is here to help. All customers who want to take a mortgage directly from us will talk to one of our qualified mortgage advisers who'll take time to understand your needs and personal circumstances before making a tailored recommendation.

Applications are taken over the phone by calling 0345 111 8010**.

Find out more about applying

Existing customers

Already a Sainsbury’s Bank Mortgage customer?

We know that life is constantly changing and there will be times that you need your mortgage to change with you. Maybe you want to pay slightly more every month, take a payment holiday, or want to know if you can borrow a bit more – our team are here to help.

If your mortgage completed after 1st January 2017

Customer support

If you first took your mortgage with us before 2004

Please call us on 0800 838 295 and we'll be happy to help. Calls to this number are free from landlines and mobiles.

The mortgage is secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Lending subject to status.