Find out how much your clients could borrow.
First Step
First Step (up to 98% LTV) is a lower deposit mortgage helping your clients get into their first home faster.
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First Step is an exclusive product for L&C Mortgages, Connells Group and Mortgage Advice Bureau brokers.
What is First Step?
First Step could let your client borrow up to 98% LTV with a minimum deposit of just £5,000. Mortgage values range from £96,000 to £350,000, and the 5-year fixed rates give your clients peace of mind their monthly payments won’t change during the product term.
What might this look like?
| First Step (Up to 98%) mortgage | Standard 95% mortgage | |
| House price | £210,000 | £210,000 |
| Mortgage value | £205,000 | £199,500 |
| Deposit | £5,000 | £10,500 |
| Loan-to-value (LTV) | 97.62% | 95% |
A First Step mortgage may be a good fit for your client if:
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They are looking for a mortgage between £96,000 and £350,000
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They have a minimum deposit of £5,000
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They are a first-time buyer
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They want a 5-year fixed mortgage
A First Step mortgage may not be a good fit for your client if:
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They are looking for a mortgage less than £96,000 or more than £350,0000
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Their deposit is less than £5,000 or has been gifted
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They are buying a new build home or flat
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They want to use an affordable home ownership scheme such as Shared Ownership
Browse our First Step product range
Meet your BDM
Here to support you
Available across the UK, your dedicated Business Development Manager (BDM) is ready to give expert advice on your product, criteria, or application questions.
Contact our dedicated Intermediary Support Team on 0345 602 2338 or intermediary.lending@newcastle.co.uk. We're available from 8am to 6pm, Monday to Friday.