Buying your first home in Edinburgh can feel like stepping into the unknown. Between saving your deposit, securing an offer, and navigating lenders’ fine print, it’s easy to feel lost. The good news? 2025 has brought renewed stability to mortgage rates, with competitive options for first-time buyers ready to plan ahead. Below you’ll find the latest average rates, an interactive infographic, and helpful guidance from your local experts at McGhie Mortgages.
💹 Average First-Time Buyer Rates – October 2025
💰 95 % LTV (5 % Deposit)
- 2-Year Fixed – 4.74 %
- 5-Year Fixed – 4.76 %
- 2-Year Tracker – 4.84 %
🏠 90 % LTV (10 % Deposit)
- 2-Year Fixed – 4.27 %
- 5-Year Fixed – 4.37 %
- 2-Year Tracker – 4.64 %
📈 75 % LTV (25 % Deposit)
- 2-Year Fixed – 3.94 %
- 5-Year Fixed – 4.01 %
- 2-Year Tracker – 4.14 %
🏡 Edinburgh Market Snapshot
💷 Average property prices: £265 k – £320 k
💰 Typical repayments: £1,150 – £1,250 per month (based on £200 k loan @ 4.7 % / 25 yrs)
🎁 Cashback offers: £500 – £1,000 via AIB (UK) + competitive Scottish lenders
Average Rate by Deposit Size
🟧 95 % LTV | 🟨 90 % LTV | ⬜ 75 % LTV
❓ Common Questions from First-Time Buyers
💰 How much deposit do I need to buy in Edinburgh?
Most first-time buyers start with a 5 % deposit (95 % LTV). Increasing your deposit to 10 % opens lower rates and repayments.
🏦 Are Scottish lenders cheaper?
Banks like RBS and Clydesdale (Virgin Money) often offer slightly better 90 % LTV products plus local cashback deals.
🎁 Can I get cashback or fee-free offers?
Yes – AIB (UK) currently provides £500 – £1,000 cashback for first-time buyers with no valuation or booking fees.
Take the Next Step with Confidence
Chat with our friendly advisers for honest, jargon-free advice and get your first mortgage right.