First Start FAQs

Q. Is the First Start mortgage restricted to parents and their children only?

A. The scheme is primarily for parents and their children. However, the joint borrower could also be a step-parent.

Q. What are the parent's financial obligations?

A. The parent is jointly liable for the mortgage repayments and the total loan. We strongly recommend that independent financial, tax and legal advice are taken on this product.

Q. Is the First Start mortgage only available to parents who have got, or have had a mortgage?

A. If the mortgage is up to 95% Loan to Value, the scheme is available regardless of whether the parent has got, or has ever had a mortgage. If the mortgage is over 95% Loan to Value, the parent must have held a mortgage for three years or own a property outright.

Q. What are the minimum and maximum ages?

A. The minimum age of the borrower is 18 years and the parent’s maximum age is 60 years at application.

Q. Does the borrower have to be a first time buyer?

A. The First Start scheme is not exclusively restricted to first time buyers. Other applicants such as those relocating to a more expensive area, or a divorced/separated borrower will also be considered.

Q. What is the maximum mortgage term?

A. 35 years or the normal retirement age of the applicant purchasing the property, whichever is the sooner.

Q. Can the parent re-mortgage their main residence to Bristol & West Mortgages?

A. Yes. This method may also be used to raise the deposit for the First Start mortgage if desired.

Q. Is life cover for both applicants insisted upon?

A. No, it is not a condition of the Mortgage Offer. We do however, strongly recommend both applicants seek financial advice.