Yes, you can get mortgages for 100% of your house's value. But they are usually only available if you own your home with a mortgage from the lender that offers the new 100% deal.

How do they work?

Every mortgage has a loan to value (LTV), which is the percentage of your house's value that the mortgage pays for.

Usually a mortgage covers part of the property value and you pay the rest with a deposit you have saved or equity, which is the percentage of your home you already own.

100% LTV means the mortgage covers the whole amount. For example, if your house costs 180,000, you would borrow the full 180,000 through a 100% mortgage.

How to compare 100% mortgages

Use this comparison to find a 100% mortgage if you have no equity in your home because its value is the same as the amount you owe. You could use one if:

Can you get a mortgage with no deposit for your first home?

The only 100% mortgages for first time buyers you could get as a first time buyer in the UK are guarantor mortgages. You can only get one if a parent or someone else is named on your mortgage to cover any payments you miss.

Most of the deals in this comparison are not guarantor mortgages, but you can find them and other deals designed to help you get on the property ladder using our first time buyer mortgage comparison.

Can you get mortgages for more than 100% LTV?

Yes, but only if you are an existing borrower getting a remortgage on your current property.

For example, if your house has gone down in value, you could owe more on your mortgage than your house is worth. This is called negative equity.

If your home is now valued at 150,000 but you owe 180,000 on your mortgage, you need a 120% LTV deal if you get a remortgage.

No deposit mortgages FAQs

Q

Can I get a 0% deposit mortgage for my first home?

A

Yes, if you have a guarantor. You need at least a 5% deposit for other mortgages, but some come with schemes to help you buy your first home.

Q

How can I save a deposit?

A

Here is how to save up for a deposit. Saving more helps your chances of being accepted and could help you get a cheaper mortgage.

Q

Can I get a 100% interest only mortgage?

A

No, you always need a deposit or equity in your current home to get an interest only mortgage.

Q

Can I get a 100% buy to let mortgage?

A

No, you always need a deposit to get a buy to let mortgage. Most require at least a 20% deposit.

Q

Does my credit record matter?

A

Yes, it will show lenders if you can keep up with repayments on a mortgage. Here is why your credit record matters.

Q

Can I get a no deposit mortgage with bad credit?

A

You usually need at least a 15% deposit to get a bad credit mortgage. Compare deals here if you have bad credit.

Q

Can I afford a no downpayment mortgage?

A

Check if you can afford one by working out how much you earn and spend. Compare this to how much buying a home will cost you.

About our mortgage comparison

Q

Who do we include in this comparison?

A

We include every mortgage in the UK you can apply for directly from the lender. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.