First Time Buyer

  • Buying your first home is exciting. We'll take you through the whole process step by step.

Post Office Money® Mortgages are provided by Bank of Ireland UK



How much could you borrow?

Finding the right mortgage as a first time buyer can be difficult. Start with our mortgage affordability calculator to see how much could borrow.


Already know what you can afford? Try our repayment calculator.

Talk to us

Read our handy guides and tips for first time buyers


First Time Buyers Guide

Read about some of the steps involved in the house buying process and some handy tips in our guide.


Getting Started

We're here to help you through the home buying process. Read the steps involved when buying your first home.


Money Matters

Working out your finances is a great place to start when figuring out how much you may be able to afford.

Our mortgages

Fixed Rate

Your mortgage rate will stay fixed for a set term, so you’ll know exactly what your monthly repayments will be.



As the Bank of England base rate goes up and down, your mortgage rate and your repayment amounts will also go up and down.


First Start

Boost your borrowing power and your chances of getting on the property ladder using the income of a sponsor such as a parent or close relative. 


Not sure which mortgage is right for you?

Read more about the different types of mortgages here.

Not sure which mortgage is right for you?  Read about the different types of mortgages here.

Top First Time Buyer FAQs

What's an Approval in Principle (AIP)?

An Approval in Principle (AIP) is also known as an Agreement in Principle, Decision in Principle, Mortgage in Principle or a Mortgage Promise. An AIP is useful if you want to know how much you could borrow. If you provide Post Office Money with a few personal details about you and anyone else who will be named on the mortgage we'll give you a statement of how much we'll be able to lend to you in principle (don't worry, we're not committing to anything at this stage). You'll need to request an AIP before completing a full mortgage application.

How much could I borrow and what deposit do I need?

Your deposit will be one of the biggest costs when you pay for your property. Deposits usually range between 5% to 40%. It is generally the case that having a larger deposit will mean you can get a mortgage with lower interest rates. You can get an estimate of how much you may be able to borrow with our affordability calculator.

How do I know if I'm eligible for a Post Office Money mortgage?

There are a few things to consider before you apply. We have some key lending criteria below:

  • You must be at least 18 and your mortgage must usually end before you reach 75
  • The term of the mortgage must be a minimum of five years and up to a maximum of 35 years
  • You must have a clean credit history
  • You must have a minimum household income of £20,000
  • You must be buying a UK property
  • You must be a UK resident or have full rights to reside in the UK

You can see the full list of lending criteria for our residential mortgages here.

What other costs do I need to consider when buying my first home?

Although buying your first home is an exciting time, there are some costs associated with this purchase that you need to think about. These may include; your deposit, stamp duty, legal fees, a property valuation, removal costs, buildings insurance, and the ongoing maintenance and running costs of the property. It's certainly worth doing your research to make sure you're covering your costs. See some of our handy tips and guides here.

How can I apply for a mortgage with Post Office?

You can apply for a Post Office Money Mortgage either on the phone or online.

By phone
Call us on 0800 707 6206. We’re open 8.30am – 7.30pm Monday to Friday and 9am – 1.30pm Saturdays.

If you're thinking about applying online make sure you've reviewed our product range in full. If you'd like some help along the way, our experienced advisers are just a call away.

Where can I go for advice?

If you need help deciding which mortgage is right for you, you can speak with one of our mortgage advisers on the phone.

Call us on 0800 707 6206. We’re open 8.30am – 7.30pm Monday to Friday and 9am – 1.30pm Saturdays.

0800: All calls to 0800 numbers are free of charge whether made from a landline or mobile phone. Calls may be monitored or recorded for training and compliance purposes.

Small print

Please note our online mortgage application is only compatible with Internet Explorer 9+, Google Chrome 34+, Firefox 28+, Safari 5 and 7 web browsers and is not optimised for mobile phones.

Subject to status and lending criteria. Written illustrations available upon request. Borrowers must be aged 18 or over.

Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, FRN 512956. You can check this on the Financial Services Register by visiting the website or by contacting the Financial Conduct Authority (FCA) on 0800 111 6768. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is registered in England & Wales (No. 07022885). Registered Office: Bow Bells House, 1 Bread Street, London, EC4M 9BE. Post Office Limited is registered in England and Wales (No. 2154540). Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office Money and the Post Office Money logo are registered trademarks of Post Office Limited.