100% mortages are back 100% mortages are back
Some lenders do offer 100% mortgages, meaning you can buy a home without putting down a deposit. While this sounds appealing, they’re not available to everyone and usually come with certain requirements, such as:
- Family/Guarantor Support – Often, a parent or close relative must use their savings or property as security.
- Higher Eligibility Criteria – You’ll usually need a strong credit history and stable income to qualify.
- Limited Lender Choice – Only a small number of banks and building societies currently provide them.
- Higher Risk – With no deposit, you’re more exposed if property prices fall, which could lead to negative equity.
For many buyers, especially first-time buyers, a low-deposit mortgage (5%–10%) can be a safer and more flexible option — but a 100% mortgage might still be worth exploring in the right circumstances.
