🏡First-Time Buyer Mortgages Oxford

A real estate agent shows a cheerful couple a bright room with large windows and plants. Neutral tones and candles create a cozy mood. — First-Time Buyer Mortgages in Oxford

Thinking about buying your first home in Oxford? With house prices remaining competitive and lending criteria evolving in 2025, it’s more important than ever to understand your mortgage options as a first-time buyer. Whether you’re looking to settle in Cowley, Summertown, or Headington, securing the right mortgage is a key step in making your Oxford homeownership dream a reality.

🔑 What Is a First-Time Buyer Mortgage?

A first-time buyer mortgage is designed specifically for people who are purchasing their first home. These mortgages often come with lower deposit requirements, government scheme options, and more flexible lending criteria.

As a mortgage broker in Oxford, we work with a wide range of lenders to help first-time buyers find the most competitive deals — and more importantly, ones that suit their individual circumstances.

🏘️ Why Buy Your First Home in Oxford?

Oxford is a vibrant city with a unique blend of history, green spaces, and modern living. While property prices can be higher than the UK average, the strong local economy, great schools, and excellent transport links make it a solid investment.

According to recent data, the average first-time buyer property in Oxford ranges between £300,000–£400,000, depending on the area. That means you’ll typically need a deposit of at least 5–10%, though some lenders may offer 95% loan-to-value (LTV) mortgages.

💼 How a Mortgage Broker in Oxford Can Help

Navigating the mortgage market can be overwhelming. As a first-time buyer, you’re likely to have questions like:

How much can I borrow?
What deposit do I need?
Should I go for a fixed or tracker rate?
What help-to-buy or shared ownership schemes are available?

This is where a local Oxford mortgage broker like us comes in. We take the stress out of the process by:

Comparing the whole of the market to find you the best deal
Explaining every step in plain English
Managing your application from start to finish
Helping you access exclusive rates not available on the high street

Stone cottage with blooming pink roses climbing its walls, set in lush greenery, creating a serene, picturesque scene.

📉 First-Time Buyer Schemes Available in Oxford

In 2025, there are several schemes to help first-time buyers get on the ladder:

95% Mortgages: Available through most lenders, especially for buyers with strong affordability.
Shared Ownership: Buy a share of your home (usually 25–75%) and pay rent on the rest.
First Homes Scheme: A government initiative offering homes to first-time buyers at 30%–50% below market value.

We’ll walk you through all the options to find the right fit.

💬 Real Advice from Real Mortgage Experts

At Drummonds Finance Group, we understand that buying your first home is both exciting and daunting. Our expert team offers personalised advice, flexible appointment times (including evenings and weekends), and ongoing support even after your mortgage completes.

📞 Ready to Get Started?

Whether you’ve just started looking or you’re ready to make an offer, we’re here to help.

Let’s make your home-owning journey smooth, stress-free, and successful.