No Deposit Mortgages
Yes, really. In some cases, you can buy your first home without putting down a single penny. No deposit. Zero. Zilch. These mortgages come with specific conditions, of course, and they’re not suitable for everyone. But many first-time buyers now qualify. We still believe a deposit helps long term, but if saving one feels impossible, this option could get you on the ladder sooner than expected.
The £5,000 Deposit Option
If you do have a little set aside, this could work beautifully. For properties up to £500,000, some lenders only ask for a £5,000 deposit. That’s a game-changer for many first-time buyers. Again, criteria apply. But we’ve seen plenty of clients meet the requirements and move ahead with confidence.Gifted Deposits and More
Not all deposits come from your own savings. Maybe a family member has offered to help. Or perhaps you’ve received money as a gift or inheritance. These are often perfectly acceptable sources for your deposit. The key is honesty. Tell us where your deposit is coming from, and we’ll help you find a lender that’s happy with your situation.Some kind words from our clients
Rachel has been incredible in securing us a mortgage and I cannot recommend her highly enough. The whole process was clear from beginning to end and Rachel kept us up to date every step of the way. We had a tricky property to mortgage and Rachel was able to secure us a good product from a high street lender. I have recommended her to friends and family and would use her again for any future mortgages. Thanks Rachel!
A 5 star experience of first time buying thanks to Rachel and Joanne. I was worried buying a home would come with so much stress but I can honestly say it’s been more or less stress free! Quick and professional communication and even got a better mortgage deal than I thought! Can’t recommend or thank them enough!
Rachel and Jo at Mortgage Force were outstanding start to finish. They went above and beyond with everything they did, helping us to purchase our first home. We've been told many times how stressful buying a house is but with Mortgage Force it felt like a breeze! Rachel was informative and broke everything down so that we fully understood all of the house buying lingo and both Jo and Rachel were friendly, helpful, super quick to respond to any queries and just a pleasure to deal with.
Commonly asked questions about buying a home with Low Deposit Mortgages.
A low deposit mortgage typically allows you to buy a home with a deposit of 5–10% of the property value. For example, a 5% deposit mortgage is also known as a 95% LTV (loan-to-value) mortgage.
Yes. Many UK lenders offer 95% LTV mortgages, especially for first-time buyers. Eligibility depends on your income, credit history, and affordability checks.
Approval can be slightly stricter because lenders take on more risk. Having a stable income, good credit score, and low existing debt improves your chances significantly.
Generally, yes. Lenders often charge higher rates on high LTV mortgages. As your deposit increases, interest rates tend to improve.
Common options include: 95% LTV mortgages, Shared Ownership, First Homes Scheme, Guarantor mortgages/family-assisted mortgages and Deposit Boost / gifted deposit options
Yes. Most lenders accept gifted deposits from close family members, provided a gifted deposit letter is supplied confirming the funds are not repayable.
A good or fair credit score is typically required. Poor credit applicants may still be considered, but options are more limited and interest rates may be higher.
Lenders usually offer between 4–4.5 times your annual income, depending on affordability, debt, and credit profile. Some applicants may qualify for higher multiples depending on the lender.
Yes—low deposit mortgages are particularly common for first-time buyers, who often use 95% LTV deals or Shared Ownership.
In many cases, saving more lowers your interest rate and reduces your monthly payments. However, rising house prices can sometimes make getting on the ladder sooner more beneficial.
Typical costs include: • Valuation fees • Solicitor fees • Mortgage arrangement fees • Broker fees (if applicable) • Moving and survey costs A mortgage adviser can help you plan accurately.
Yes, but you’ll typically need 2+ years of accounts or SA302s, plus proof of stable income. Specialist lenders can help if your income is less traditional.
Low Deposit Mortgage Advice – Local Offices
Our low deposit mortgage advice is available nationwide, helping buyers explore options with a smaller upfront deposit. Many clients still prefer to work with a local adviser who understands their situation and can explain which lenders may accept a low deposit and what criteria apply.If you’d like to speak to a low deposit mortgage broker near you, choose your local Mortgage Force office below.Low Deposit Mortgage Broker in Cambridge
Low Deposit Mortgage Broker in Derby
Low Deposit Mortgage Broker in London
Low Deposit Mortgage Broker in Edinburgh