--- title: "First-Time Buyer Mortgage Calculator UK 2026 — Deposit, Borrowing & SDLT | First Rung Now" description: "Free UK first-time buyer mortgage calculator (2026). Borrowing power, deposit target and first-time buyer Stamp Duty relief — with a free vetted broker quote." lang: en-GB json-ld: | [ { "@context": "https://schema.org", "@type": "Organization", "name": "First Rung Now", "url": "https://firstrungnow.com", "description": "Independent UK mortgage education and broker matching service.", "address": { "@type": "PostalAddress", "addressCountry": "GB" } }, { "@context": "https://schema.org", "@type": "WebSite", "name": "First Rung Now", "url": "https://firstrungnow.com" }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "How much deposit do first-time buyers need in the UK?", "acceptedAnswer": { "@type": "Answer", "text": "5% is the practical minimum for a standard 95% LTV mortgage. 100% mortgages (Track Record, JBSP, guarantor) exist for renters with proof of on-time rent payments." } }, { "@type": "Question", "name": "Do first-time buyers pay Stamp Duty in the UK?", "acceptedAnswer": { "@type": "Answer", "text": "In England & NI, no SDLT on the first £300,000 up to a £500,000 purchase. Above £500,000 you pay standard rates (no relief). Scotland and Wales use their own reliefs." } }, { "@type": "Question", "name": "What government schemes are available for UK first-time buyers?", "acceptedAnswer": { "@type": "Answer", "text": "Lifetime ISA (25% bonus up to £1,000/year), Shared Ownership, First Homes (30–50% discount), Right to Buy for council tenants, and 5% deposit mortgages via the Mortgage Guarantee Scheme." } }, { "@type": "Question", "name": "Can first-time buyers use a gifted deposit?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — nearly all UK lenders accept gifted deposits from immediate family. You'll need a signed gift letter confirming it's non-refundable and non-interest-bearing." } }, { "@type": "Question", "name": "How long does a first-time buyer mortgage take in the UK?", "acceptedAnswer": { "@type": "Answer", "text": "Typically 8–12 weeks from offer accepted to completion. DIP within 24 hours, mortgage offer in 2–4 weeks, conveyancing 6–10 weeks." } }, { "@type": "Question", "name": "Can I buy with a friend or family member?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — joint mortgages allow up to 4 borrowers on the deed. Joint Borrower Sole Proprietor (JBSP) lets a parent boost affordability without being on the title (avoiding second-home SDLT)." } }, { "@type": "Question", "name": "What credit score do first-time buyers need?", "acceptedAnswer": { "@type": "Answer", "text": "There's no single UK credit score — each lender scores their own way. Clean credit for 12+ months, no missed payments, low utilisation and a registered address history matter more than a number." } } ] } ] --- [Skip to content](#main) [![First Rung Now](/assets/logo-mark-BqLOgqvj.png) First Rung Now UK Mortgage Guides ](/) - Mortgages - Remortgages - Buy To Let - Bad Credit - Calculators - Guides - [Find a Broker](/find-a-mortgage-broker) - [About](/about) [Speak to a Vetted Broker](/find-a-mortgage-broker) 1. [Home](/) 2. [Calculators](/calculators) 3. First-Time Buyer First-Time Buyer Calculators # First-time buyer mortgage calculators First-time buyers get access to 95% LTV mortgages and SDLT relief up to £500,000 — the calculators below model both sides so you know exactly what you can afford. ## First-time buyer affordability calculator Enter your figures, then add your name and phone to reveal the result. Free, no credit check. Your annual income (£) Partner annual income (£) Deposit saved (£) Get your result & a free broker sense-check Add your name and phone (required) — we'll show your figures and optionally match you with a vetted FCA-regulated broker. No spam, no credit checks. Your name \* Phone number \* Email (optional) I'd like to be matched with a vetted broker for a free, no-obligation chat. Untick if you only want the calculation. Show my result By submitting you agree to our [Privacy Policy](/privacy-policy). ## More first-time buyer calculators ### First-time buyer calculator Combined borrowing + deposit + SDLT for a single-view affordability picture. [Ask a broker to run this](/find-a-mortgage-broker) ### Help to Buy calculator Historic reference for the closed Help to Buy Equity Loan scheme. [Ask a broker to run this](/find-a-mortgage-broker) ### Shared ownership calculator Mortgage on the share owned + rent on the share owned by the housing association. [Ask a broker to run this](/find-a-mortgage-broker) ### Deposit savings calculator How long it takes to save a 5%/10%/15% deposit at your current monthly saving rate. [Ask a broker to run this](/find-a-mortgage-broker) ### Stamp Duty calculator for first-time buyers 0% up to £300k, 5% between £300k–£500k; standard rates above £500k. [Ask a broker to run this](/find-a-mortgage-broker) ### Buying vs renting calculator Long-run cost comparison — rent inflation vs. mortgage + capital growth. [Ask a broker to run this](/find-a-mortgage-broker) Every scenario above depends on lender-specific criteria (income multiples, ICR, stress rates, credit profile). A vetted FCA-regulated broker will run the exact numbers for your situation in one working day. ## Frequently asked questions ### How much deposit do first-time buyers need in the UK? 5% is the practical minimum for a standard 95% LTV mortgage. 100% mortgages (Track Record, JBSP, guarantor) exist for renters with proof of on-time rent payments. ### Do first-time buyers pay Stamp Duty in the UK? In England & NI, no SDLT on the first £300,000 up to a £500,000 purchase. Above £500,000 you pay standard rates (no relief). Scotland and Wales use their own reliefs. ### What government schemes are available for UK first-time buyers? Lifetime ISA (25% bonus up to £1,000/year), Shared Ownership, First Homes (30–50% discount), Right to Buy for council tenants, and 5% deposit mortgages via the Mortgage Guarantee Scheme. ### Can first-time buyers use a gifted deposit? Yes — nearly all UK lenders accept gifted deposits from immediate family. You'll need a signed gift letter confirming it's non-refundable and non-interest-bearing. ### How long does a first-time buyer mortgage take in the UK? Typically 8–12 weeks from offer accepted to completion. DIP within 24 hours, mortgage offer in 2–4 weeks, conveyancing 6–10 weeks. ### Can I buy with a friend or family member? Yes — joint mortgages allow up to 4 borrowers on the deed. Joint Borrower Sole Proprietor (JBSP) lets a parent boost affordability without being on the title (avoiding second-home SDLT). ### What credit score do first-time buyers need? There's no single UK credit score — each lender scores their own way. Clean credit for 12+ months, no missed payments, low utilisation and a registered address history matter more than a number. Why we ask for your details Calculators are educational. A free broker sense-check turns them into something actionable — specific to your credit profile, income type and lender criteria. ### Speak with a vetted broker Free introduction to an FCA-regulated adviser experienced in your scenario. [Match me with a broker](/find-a-mortgage-broker) ### All calculator categories - [Affordability](/calculators/affordability) - [Repayments](/calculators/repayments) - [Borrowing & LTV](/calculators/borrowing) - [Remortgage](/calculators/remortgage) - [First-Time Buyer](/calculators/first-time-buyer) - [Buy-to-Let](/calculators/buy-to-let) - [Equity](/calculators/equity) - [Costs & Stamp Duty](/calculators/costs) - [Overpayments](/calculators/overpayments) - [Comparison](/calculators/comparison) - [Specialist mortgages](/calculators/specialist) - [Refinance & Switching](/calculators/refinance) - [Income](/calculators/income) - [Investment](/calculators/investment) First Rung Now Independent UK mortgage education and broker matching. 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