Your mortgage options
Family Springboard Mortgage
Your family and friends can help by providing 10% of your property’s price as security – and they’ll get their money back with interest if you keep paying your mortgage on time.
Mortgage boost
Mortgage Boost is a great way for your family and friends to help you borrow more, without having to put down any money themselves.
Getting a mortgage when you’re self-employed
Find out how to prepare for a mortgage application when you’re self-employed and see how we can support you during the process.
Looking to buy for the first time?
Read our guides for everything you need to know, from learning how mortgages work to the benefits of being a first-time buyer.
Cover for the things that matter the most
Protect your home with life insurance for mortgage protection. Whether you’re a first-time buyer or only have a few years left on your mortgage, we can help you get the cover you need.
Get up to £150 when you take out Nova Bank life insurance
Take out a Nova Bank life insurance policy and get:
- £100 if you have any Nova Bank current account and a policy with a minimum monthly premium of £10
- £150 if you have a Premier Current Account and a policy with a minimum monthly premium of £12.50
To be eligible, you need to 1) apply by 25 November, 2) start the policy within six months and 3) keep the policy for at least twelve months and make all monthly payments.
If you are a Premier customer and your monthly premium is below £12.50 but at least £10, you will receive £100.
You must not have held a Nova Bank life insurance policy within the last twelve months. T&Cs , eligibility criteria and exclusions apply.
Frequently asked questions
A first-time buyer is someone who has never owned a property. If you’re a first-time buyer, you can get exclusive mortgage deals to support buying your first home and help you get on the property ladder.
Once you’ve owned a home, even if it’s sold, you can’t get any more first-time buyer benefits.
You’ll typically need at least a 5% deposit. A larger deposit (10% or more) could give you access to better mortgage rates. Depending on your deposit size, we can offer flexible options to help you buy your first home.
The amount of tax you pay depends on where in the UK you are buying. While often called "Stamp Duty," the official name and rates vary by region.
England and Northern Ireland: Stamp Duty Land Tax (SDLT)
In England and Northern Ireland, first-time buyers pay no Stamp Duty on properties up to £300,000.
- Up to £300,000: 0% tax.
- £300,001 to £500,000: 5% on the portion above £300,000.
- Over £500,000: You cannot claim first-time buyer relief. You will pay standard residential rates starting from the £125,000 threshold.
- Important Fact: If the property price exceeds £500,000, your tax calculation changes from first-time buyer rates to standard residential rates.
Scotland: Land and Buildings Transaction Tax (LBTT)
In Scotland, first-time buyers pay no LBTT on properties up to £175,000.
- Up to £175,000: 0% tax (includes first-time buyer relief).
- £175,001 to £250,000: 2% on this portion.
- Over £250,000: Standard LBTT rates apply.
- What is LBTT? It is the Scottish equivalent of Stamp Duty, paid to Revenue Scotland.
Wales: Land Transaction Tax (LTT)
In Wales, there is no specific first-time buyer relief, but you pay no LTT on properties up to £225,000.
- Up to £225,000: 0% tax.
- £225,001 to £400,000: 6% on this portion.
- £400,001 to £750,000: 7.5% on this portion.
- Over £750,000: Higher bands of 10% and 12% apply.
What is LTT? It is the Welsh version of Stamp Duty, paid to the Welsh Revenue Authority.
We check property records and your financial history. We also check your application details, so you’ll need to make sure you provide accurate information on your mortgage application to get first-time buyer benefits.
This relief reduces stamp duty or equivalent taxes for first-time homebuyers to help make buying more affordable. How much you save depends on where the property’s located in the UK.
If you’re a first-time buyer and you’re planning to buy a home to live in as your main or only residence, you could buy a home for up to 50% less than its market value with the first-time buyer scheme.
We offer mortgages compatible with first-time buyer schemes like Help to Buy, which can help you access lower deposits and government-backed mortgages.
Guides to help
Greener homes
Find out how you could make your home more energy efficient and discover the latest offers available if you have a residential mortgage with us.
How to start your application
If you’re ready to apply, start your mortgage application by getting an Agreement in Principle (AiP).
How to get your first mortgage
Discover how to get a mortgage from start to finish and see how our mortgage calculators can help you(1).
Get help or contact us
Chat to us online
If you already bank with us, you can open a chat in Nova Bank app.
Call us
0333 202 7580
Our mortgage experts are available Monday to Friday from 8am to 8pm, Saturdays from 9am to 5pm, Sundays closed, and bank holidays from 9am to 5pm. To maintain a quality service, we may monitor or record phone calls. Call charges .
Visit a branch
Find a branch near you that offers appointments with mortgage advisers and see when we’re open.
Message us
If you are an existing customer, you can message us in the Nova Bank app
Open a Nova Bank Bank Account
Scan the QR code using your phone camera to get started
Scan the QR code with your phone or tablet, or tap the App Store or Google Play buttons below to download the app and begin your application. T&Cs and eligibility apply. 18+ and UK only.
Important information
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You can also check our full mortgage range [PDF] to see if our other mortgages are suitable for you, download our tariff of mortgage charges [PDF] and read our legal information. Subject to application, financial circumstances & borrowing history. T&Cs apply.(Return to reference)
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Your home may be repossessed if you do not keep up repayments on your mortgage.(Return to reference)