Thank you for considering The Cumberland.
In July 2024, we were proud to be named ‘Best First-Time Buyer Mortgage Provider’ at the highly regarded Moneyfacts awards in London, overcoming competition from some of the biggest first-time buyer providers in the sector.
We like to do things a little differently here and our kinder banking philosophy means that each mortgage application is considered on merit, there’s no computer-says-no with us. You’ll also find that we don’t use chat-bots. At The Cumberland you get to speak with real people, either over the phone, or in one of our many high street branches.
With 5% deposit mortgages and a team of colleagues on hand, we’ll support you every step of the way, from choosing your first mortgage, right through to the final paperwork.
If you’re new to mortgages then our Mortgage Hub is a great place to start. There you’ll find our ‘Quick Guide To Mortgages’ together with a helpful mix of real stories, handy guides and expert advice on how to choose the right mortgage for you.
Taking out a first mortgage is an exciting time. We can’t wait to be a part of your journey.
Who qualifies as a first-time buyer?
You are a first-time buyer if:
- You’re purchasing your only or main residence, and
- You've never owned a freehold or have a leasehold interest in a residential property in the UK or abroad.
If you’ve ever inherited a property (or part of one), you won’t be considered a first-time buyer.
If you are buying a property with another person, you must both meet the criteria for first-time buyers to be eligible for our first-time buyer products.
