If you’ve been renting for years or finding it impossible to save for a deposit, you’re not alone. The cost of living has made saving harder than ever – but that doesn’t mean owning your home is out of reach.
Now there’s a genuine solution. With a 100% no deposit mortgage, you can buy your home without needing any savings upfront. It’s designed for people with a steady income but no deposit – including renters ready to step onto the ladder, first-time buyers, and homeowners moving without equity.
Available exclusively through select UK mortgage brokers, this product offers long-term fixed rates, flexible terms, and the freedom to move or repay early without penalties.
Who can get a 100% mortgage?
| Feature | Detail |
|---|---|
| Type of Mortgage | 100% mortgage / no deposit mortgage |
| Minimum Income | £24,000 (single or joint) |
| Credit History | Must be clean (no recent missed payments, CCJs, or defaults) |
| Borrowing Limit | Up to 4.49X income |
| Rates | Fixed for 10 or 15 years |
| Flexibility | No early repayment charges if you move home or repay in full |
| Eligible Buyers | First-time buyers, homeowners and renters |
| Availability | Exclusive via select UK mortgage brokers |
This type of no deposit mortgage suits buyers who have a steady income but no savings for a deposit, including renters ready to purchase, first-time buyers, and existing homeowners moving without equity.
What is a 100% mortgage / no deposit mortgage?
A 100% mortgage, also called a no deposit mortgage or 0 deposit mortgage, allows you to borrow the full cost of your home, so you don’t need a deposit upfront. However, other costs are involved when buying a home, including conveyancing fees, surveys, and stamp duty where applicable. For a detailed breakdown of these additional costs, see our guides:
This type of 0 deposit mortgage is ideal for:
- Renters ready to step onto the property ladder.
- First-time buyers who haven’t yet saved a deposit.
- Homeowners moving to a new house but lacking funds for a deposit.
This particular 0 deposit mortgage is only available through select FCA-regulated UK mortgage brokers like us, making it a unique opportunity.
How does it work for renters & homeowners?
This mortgage is designed to offer long-term security and flexibility:
- Fixed for 10 or 15 years: predictable monthly payments.
- No early repayment charges (ERCs): if you decide to move home or repay your mortgage in full using your own funds, you won’t face early repayment penalties.
- Unlimited overpayments: pay off faster whenever you like.
- Automatic rate reductions: your rate will automatically reduce as you pay off more of the mortgage.
Important: Some lenders won't offer revaluations to reduce LTV. Rate reductions may be based on your repayments and falling LTV from your outstanding balance, not changes in property value.
Let’s say your property was purchased for £200,000 and later rises in value to £220,000. You can request a professional revaluation (at your own cost). If accepted by the lender, this reduces your LTV and may trigger a lower interest rate sooner – rewarding you for building equity faster.
Example of how your interest rates may be impacted over time
| LTV | % of Mortgage Repaid | Example Rate | Approximate Monthly Payment | Notes |
|---|---|---|---|---|
| 100% | 0% | 5%* | £1000† | Full mortgage outstanding |
| 95% | 5% | 4.85%* | £970† | Some principal repaid |
| 90% | 10% | 4.70%* | £940† | Continued repayments |
| 85% | 15% | 4.50%* | £910† | Overpayments or natural repayments lowering LTV |
*Example rates are illustrative only; actual rates vary by lender and product.
†Approximate monthly payments assume a £200,000 mortgage over 25 years; illustrative only.
Is a no deposit mortgage risky?
Many people worry that a 100% mortgage might be risky – especially if house prices fall.
But with this deal, you’re protected by long-term fixed payments for up to 15 years, giving you stability even if the property market dips.
Here’s how it works:
- Your loan-to-value (LTV) is based on your original purchase price – this acts as your “stake in the ground.”
- Example: If you buy a home for £200,000 and its value later drops to £180,000, your LTV remains based on £200,000, not the lower market value.
- Over time, as you keep making repayments, your LTV naturally reduces and your rate can drop automatically.
- If your property value increases, you can choose to pay for an optional revaluation – this can help reduce your LTV faster and potentially unlock lower rates sooner.
As long as you can afford your monthly payments, your mortgage remains stable while the market adjusts.
Benefits of this deal
- Buy with zero deposit: step onto the property ladder sooner.
- Long-term rate security: fixed for 10 or 15 years.
- Flexible repayment: move home or repay early without early repayment charges (ERCs).
- Exclusive access: only through select UK brokers like us.
- Transparent and predictable: rate reductions automatically applied as LTV falls.
- Rewards for equity building: overpayments reduce rates faster.
Common misconceptions
| Misconception | Reality |
|---|---|
| “It’s too good to be true.” | This offer is genuine, responsibly structured, available only through authorised brokers. |
| “I could fall into negative equity.” | Payments are protected; LTV is based on purchase price unless revalued. |
| “I’ll be stuck with the lender for 15 years.” | You're free to move home or switch lender at any time without penalties. |
Check your eligibility
We're currently working on a calculator so you can see how much you might be able to borrow on a 100% mortgage. For now though, why don't you book a completely free initial consultation with our FCA regulated mortgage advisors today to find out your options and next steps.