Helping First-Time Buyers Get onto the Property Ladder

Getting onto the property ladder for the first time can feel like an uphill climb. For many aspiring homeowners, two major barriers stand in the way: saving a large enough deposit and securing the level of borrowing needed to purchase a home.

At Halifax Intermediaries, we understand these challenges—and more importantly, we offer solutions designed to help you support your clients in overcoming them.

Making Homeownership More Accessible

We’ve introduced a range of options specifically tailored to first-time buyers, helping to reduce upfront costs and increase borrowing potential.

£5,000 Deposit Mortgage

Saving for a deposit is often the biggest hurdle. With our £5,000 Deposit mortgage, clients can step onto the property ladder sooner, without needing to accumulate a large deposit over many years.

First-Time Buyer Boost Mortgage

Affordability can also limit how much a client is able to borrow. Our First-Time Buyer Boost mortgage addresses this by offering an increased income multiple—up to 5.5 times income—helping clients access higher-value properties that may have previously been out of reach.

Flexible Joint Applications

We recognise that not every application fits neatly into one category. That’s why we treat joint applications as first-time buyer cases even if only one applicant is a first-time buyer, giving more clients access to these supportive options.

Eligibility Criteria

To ensure clients qualify for these products, the following criteria must be met:

• At least one applicant must be a first-time buyer
• Maximum property purchase price of £300,000
• The deposit must come from the applicant’s own funds (gifted deposits are not permitted)
• Proof of deposit may be required
• The ‘Low deposit’ scheme must be selected when submitting the application
• Products must be chosen from those available above 95% loan-to-value (LTV)

Supporting You and Your Clients

Helping first-time buyers navigate the property market requires the right tools, products, and guidance. By offering solutions that tackle both deposit size and borrowing capacity, we aim to make homeownership more achievable.

If you’re working with clients who feel stuck at the first hurdle, these options could make all the difference in turning their homeownership ambitions into reality.