First Time Buyer Mortgages
A first time buyer is defined as an individual or individuals who have never owned an interest in a residential property in the United Kingdom or anywhere else in the world and who intends to occupy the property as their main residence.
Reliance Bank are proud to continue to support helping first time buyers realise the dream of owning their 1st home.If you are looking to buy your home outright without the need for a Shared Ownership Scheme, please view our House Purchase product range.
Reliance Bank are proud to support shared ownership mortgages for First Time Buyers. These mortgages help individuals who will normally be unable to get onto the housing ladder, buy a share of their new home with the support of the housing association.
We lend up to 90% of the share and take a first legal charge over the property. For further information about our Shared Ownership mortgage product range please visit the Shared Ownership Mortgages page on this website
Can I apply for a First Time Buyer mortgage? Please see our First Time Buyer guide in our Support page.
Call us on 020 7398 5421 or 020 7398 5423 or alternatively email Mortgages@reliancebankltd.com to find out more.
If you are looking to move or get back onto the housing ladder, we have a number of mortgage products available for you to choose from to help you achieve home ownership.
If you are not in the position to buy your new home outright, you can also consider the option of buying a Shared Ownership property, we are delighted to make these available with as little as 10% deposit. For further information about our Shared Ownership Mortgage product range please visit the Shared Ownership Mortgages page on this website.
Please refer to the following documents in the Support page:
- Guide to buying your home
- House Purchase rates
- Basic valuation guide
- Homebuyer report guide
Call us on 020 7398 5421 or 020 7398 5423 or alternatively email Mortgages@reliancebankltd.com.