Mortgage rates for first-time buyers vary according to your deposit, loan-to-value (LTV), income, credit history, property and whether you choose a fixed or variable-rate deal. A larger deposit may give access to lower rates, but compare the overall cost, including arrangement fees, early repayment charges and the APRC, rather than focusing only on the headline rate. Check your budget carefully and seek decisions in principle from several lenders or an FCA-authorised mortgage broker, as eligibility and affordability criteria differ. Rates can change, so use current lender information and MoneyHelper guidance when comparing options.