Being a first time buyer or not, has little relevance to whether an interest only mortgage is available to you. The main thing a lender is concerned with is whether it is responsible for them to offer you an interest only mortgage, and whether you are likely to repay the debt by the end of the mortgage term. So you’ll need to meet the normal interest only lending criteria and have an acceptable interest only repayment vehicle in place in order to be approved. 

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Hi, let me know in as much detail as possible how we can help?