Compare no deposit 100% mortgages

You could get a mortgage with a 100% LTV or more without any deposit, but you may need a guarantor.

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What is a 100% mortgage?

A 100 percent mortgage is a loan taken out for the entire cost of the property. These loans are also sometimes referred to as no-deposit mortgages, 100% loan-to-value mortgages or 100 LTV mortgages. 

For example, if your property is valued at £150,000, a no-deposit mortgage would mean you're borrowing the full £150,000 from the lender and not putting in any of your own cash up-front.

Man sitting on a sofa on video call

How does a 100% mortgage work?

Every mortgage has a loan to value ratio (LTV), which indicates the percentage of the property's value you can borrow. Most mortgage lenders expect you to pay a deposit upfront with a loan to cover the rest. The ratio between those amounts is used to calculate your LTV.

A 100% mortgage means that there’s no deposit at all, and the lender is offering to loan you the full value of the property. As this represents a greater risk for the lender, 100% mortgages are expensive with high-interest rates.

Once the mortgage is secured, you make monthly repayments that cover the total capital you borrowed as well as the interest owing on that amount. Once you’ve built up equity in your home, you could remortgage to get a better deal.

How to find the best 100% mortgages

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53 results found, sorted by lowest initial rate. How we order our comparisons. Commission earned affects the table's sort order.
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Loughborough 2 year discount
Maximum LTV
100%
Initial rate
3.35% for 2 years (2.24% discount on SVR)
Subsequent rate (SVR)
5.59% variable
Overall cost for comparison
4.4% APRC
Loughborough 2 year discount
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the original loan, in the first two years

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Wales
First Time Buyers
Max age at term end80 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Loughborough 3 year discount
Maximum LTV
100%
Initial rate
3.49% for 3 years (2.1% discount on SVR)
Subsequent rate (SVR)
5.59% variable
Overall cost for comparison
5.2% APRC
Loughborough 3 year discount
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£699 paid on completion
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of amount paid, in the first year

- 2.00% of amount paid, between 12 and 36 months

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Wales
First Time Buyers
Max age at term end80 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Mansfield 3 year discount cashback mortgage
Maximum LTV
100%
Initial rate
3.69% for 3 years (2.3% discount on SVR)
Subsequent rate (SVR)
5.99% variable
Overall cost for comparison
5.2% APRC
Mansfield 3 year discount cashback mortgage
Area restrictions may apply.
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of the original loan, in the first three years

Other fees may apply.

Eligibility
Available Direct
Available in England
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Mansfield 3 year discount cashback mortgage
Maximum LTV
100%
Initial rate
3.69% for 3 years (2.3% discount on SVR)
Subsequent rate (SVR)
5.99% variable
Overall cost for comparison
5.2% APRC
Mansfield 3 year discount cashback mortgage
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of the original loan, in the first three years

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 3 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
3.69% fixed for 3 years
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
5.0% APRC
Nationwide 3 year fixed for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of the outstanding balance, in the first year

- 2.00% of the outstanding balance, in the second year

- 1.00% of the outstanding balance, in the third year

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Mansfield 5 year fixed cashback mortgage
Maximum LTV
100%
Initial rate
3.89% fixed for 5 years
Subsequent rate (SVR)
5.99% variable
Overall cost for comparison
5.0% APRC
Mansfield 5 year fixed cashback mortgage
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of the original loan, in the first five years

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Mansfield 5 year fixed cashback mortgage
Maximum LTV
100%
Initial rate
3.89% fixed for 5 years
Subsequent rate (SVR)
5.99% variable
Overall cost for comparison
5.0% APRC
Mansfield 5 year fixed cashback mortgage
Area restrictions may apply.
More information
Application fee£199 paid upfront (non-refundable)
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of the original loan, in the first five years

Other fees may apply.

Eligibility
Available Direct
Available in England
First Time Buyers
Max age at term end85 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
3.89% fixed for 2 years
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
5.1% APRC
Nationwide 2 year fixed for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of the outstanding balance, in the first year

- 1.00% of the outstanding balance, in the second year

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 3 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
3.89% fixed for 3 years
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
5.0% APRC
Nationwide 3 year fixed for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of the outstanding balance, in the first year

- 2.00% of the outstanding balance, in the second year

- 1.00% of the outstanding balance, in the third year

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Tipton & Coseley term discount
Maximum LTV
100%
Initial rate
3.89% for mortgage term (2% discount on SVR)
Subsequent rate (SVR)
3.89% variable
Overall cost for comparison
4.0% APRC
Tipton & Coseley term discount
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Wales
First Time Buyers
Max age at application75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Tipton & Coseley term discount
Maximum LTV
100%
Initial rate
3.89% for mortgage term (2% discount on SVR)
Subsequent rate (SVR)
3.89% variable
Overall cost for comparison
4.0% APRC
Tipton & Coseley term discount
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Wales
First Time Buyers
Max age at application75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year BBR tracker for existing borrowers
Maximum LTV
200%
Initial rate
3.94% base rate tracker for 2 years
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
5.2% APRC
Nationwide 2 year BBR tracker for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 5 year fixed cashback mortgage for existing borrowers
Maximum LTV
200%
Initial rate
3.99% fixed for 5 years
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
4.9% APRC
Nationwide 5 year fixed cashback mortgage for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 5.00% of the outstanding balance, in the first year

- 4.00% of the outstanding balance, in the second year

- 3.00% of the outstanding balance, in the third year

- 2.00% of the outstanding balance, in the fourth year

- 1.00% of the outstanding balance, in the fifth year

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Acceptedfalse
Virgin Money 2 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
4.02% fixed until 01 Dec 2024
Subsequent rate (SVR)
5.49% variable
Overall cost for comparison
5.2% APRC
Virgin Money 2 year fixed for existing borrowers
Available via brokers only. This mortgage is available for new builds only on the Help to Buy Equity loan scheme. Available on repayment basis. For residential interest only and part and part loans there is a minimum combined gross income requirement of £75,000. Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Dec 2024

Other fees may apply.

Eligibility
Available in England
Available in Scotland
Available in Wales
Broker Only
Existing Borrowers Only
Max age at application68 years
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 2 year BBR tracker for existing borrowers
Maximum LTV
200%
Initial rate
4.04% base rate tracker for 2 years
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
5.1% APRC
Nationwide 2 year BBR tracker for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Nationwide 5 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
4.04% fixed for 5 years
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
4.9% APRC
Nationwide 5 year fixed for existing borrowers
This mortgage is available for new builds only on the Help to Buy Equity loan scheme. Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 5.00% of the outstanding balance, in the first year

- 4.00% of the outstanding balance, in the second year

- 3.00% of the outstanding balance, in the third year

- 2.00% of the outstanding balance, in the fourth year

- 1.00% of the outstanding balance, in the fifth year

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
TSB 5 year fixed for existing borrowers
Maximum LTV
120%
Initial rate
4.04% fixed until 31 Aug 2027
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
4.8% APRC
TSB 5 year fixed for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 5.00% of amount paid, before 31 Aug 2023

- then 4.00% of amount paid, until 31 Aug 2024

- then 3.00% of amount paid, until 31 Aug 2025

- then 2.00% of amount paid, until 31 Aug 2026

- then 1.00% of amount paid, until 31 Aug 2027

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Virgin Money 2 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
4.09% fixed until 01 Dec 2024
Subsequent rate (SVR)
5.49% variable
Overall cost for comparison
5.2% APRC
Virgin Money 2 year fixed for existing borrowers
Available on repayment basis. For residential interest only and part and part loans there is a minimum combined gross income requirement of £75,000. Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Dec 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at application68 years
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Virgin Money 3 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
4.09% fixed until 01 Dec 2025
Subsequent rate (SVR)
5.49% variable
Overall cost for comparison
5.1% APRC
Virgin Money 3 year fixed for existing borrowers
Available on repayment basis. For residential interest only and part and part loans there is a minimum combined gross income requirement of £75,000. Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.50% of the outstanding balance, before 01 Dec 2025

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at application68 years
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Virgin Money 5 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
4.09% fixed until 01 Dec 2027
Subsequent rate (SVR)
5.49% variable
Overall cost for comparison
4.9% APRC
Virgin Money 5 year fixed for existing borrowers
Available on repayment basis. For residential interest only and part and part loans there is a minimum combined gross income requirement of £75,000. Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.50% of the outstanding balance, before 01 Dec 2027

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at application68 years
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Loughborough 3 year fixed
Maximum LTV
100%
Initial rate
4.19% fixed for 3 years
Subsequent rate (SVR)
5.59% variable
Overall cost for comparison
5.4% APRC
Loughborough 3 year fixed
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion fee£699 with an option to add to the loan
Product feeNo fee
Additional information

Early repayment charge

If you pay all of your mortgage early you will be charged:

- 3.00% of the original loan, in the first year

- 2.00% of the original loan, between 12 and 36 months

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Wales
First Time Buyers
Max age at term end80 years
Minimum Age18 years
Permanent UK Resident
Remortgage Available
Self Employed Accepted
TSB 2 year fixed for existing borrowers
Maximum LTV
120%
Initial rate
4.19% fixed until 31 Aug 2024
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
5.1% APRC
TSB 2 year fixed for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 31 Aug 2023

- then 1.00% of amount paid, until 31 Aug 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Virgin Money 5 year fixed for existing borrowers
Maximum LTV
200%
Initial rate
4.19% fixed until 01 Dec 2027
Subsequent rate (SVR)
5.49% variable
Overall cost for comparison
4.9% APRC
Virgin Money 5 year fixed for existing borrowers
Available via brokers only. This mortgage is available for new builds only on the Help to Buy Equity loan scheme. Available on repayment basis. For residential interest only and part and part loans there is a minimum combined gross income requirement of £75,000. Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.50% of the outstanding balance, before 01 Dec 2027

Other fees may apply.

Eligibility
Available in England
Available in Scotland
Available in Wales
Broker Only
Existing Borrowers Only
Max age at application68 years
Max age at term end75 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Barclays 5 year fixed
Maximum LTV
100%
Initial rate
4.25% fixed until 30 Nov 2027
Subsequent rate (SVR)
4.24% base rate tracker
Overall cost for comparison
4.3% APRC
Barclays 5 year fixed
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 30 Nov 2027

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
First Time Buyers
Max age at term end70 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted
Scottish Widows Bank 2 year fixed for existing borrowers
Maximum LTV
120%
Initial rate
4.36% fixed until 31 Oct 2024
Subsequent rate (SVR)
5.24% variable
Overall cost for comparison
3.9% APRC
Scottish Widows Bank 2 year fixed for existing borrowers
Available to existing borrowers not moving only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£749 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- 1.00% of amount paid, in the second year

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Existing Borrowers Only
Max age at term end80 years
Minimum Age18 years
Permanent UK Resident
Self Employed Accepted

Can I get a 100% mortgage?

100% mortgages are considered risky by lenders because you aren’t offering a deposit. As a result, there are far fewer providers who offer 100% mortgages, and those that do often have very specific criteria in place. These include the following types of guarantor-style mortgages.

Guarantor mortgages

A guarantor mortgage means a family member agrees to guarantee your mortgage repayments. If you can't pay up, the guarantor has to step in.

The majority of lenders will require your guarantor to be a homeowner, and their property will be used as security against the loan. That means their home could be at risk if you default on the mortgage payments. 

You can get guarantor mortgages where savings are used as security instead of a property. In this case, the guarantor may have to offer up their savings to pay your mortgage if you don’t.

Either way, the guarantor is making a huge financial commitment on your behalf, and you'll need to talk to them about whether they're willing to do this.

Even if you do have a guarantor who's willing to help, some lenders will still ask you for a deposit. The bigger your deposit, the better the rates you'll be offered.

Family deposit mortgages

This is when a family member's savings are put in an account linked to your mortgage. These savings are used as an offset, making your repayments more manageable. Once a certain period has elapsed, or enough of the mortgage has been repaid, the guarantor gets their money back.

The lender will usually pay interest but the money generally has to stay in the account for at least the first five years. The money acts as security in case you can’t afford repayments.

You could also look into family offset mortgages which work in a similar way, but the family member will not earn interest on the savings. The money in the account is deducted from what you owe when interest is calculated, which means your monthly repayments will be cheaper.

Advantages of a 100% mortgage

  • You don't have to put up any money upfront

  • You still get the chance to own your own home

Disadvantages of a 100% mortgage

  • You could slip into negative equity – where you owe more than the value of your house

  • You are likely to need a guarantor, and that person is at financial risk

  • You will have less choice of lender

  • You’re likely to pay higher interest rates

Are 100% mortgages available for first-time buyers?

Yes, but usually only if you've got a guarantor and even then, banks and building societies might say no.

You need to do your research carefully and may need to work with a broker to find a lender willing to consider you.

What else do I need to know if I’m thinking of getting a 100% mortgage?

There are some important things to understand if you're thinking of getting a 100% mortgage.

  • Not all lenders offer them. Most mortgage providers will only loan 95% of the property's value, which means you need a minimum 5% deposit. You may need to shop around and consider niche providers.

  • Lenders see 100% mortgages as risky. That's because you aren't putting any of your own money into the property. 

  • You could get into negative equity with a 100% mortgage. Negative equity is when the value of your home drops to the point where the amount you borrowed is greater than the value of your home.

  • Interest rates on 100% mortgages are usually higher because they are seen as a bigger risk. This could make repayments very expensive and make it harder to meet affordability criteria.

  • 100 percent mortgages aren't usually available for first-time buyers as this group is already considered high risk. Instead, you may need to save up for a deposit or seek help from your family.

  • Shop around – 100 percent mortgages usually aren’t the best deals so it’s more important than ever to find the best rate you can.

Can you get a mortgage with an LTV over 100%?

Generally, it’s next to impossible to get a mortgage with an LTV of more than 100%, although a very small number of lenders offer negative-equity mortgages.

If you've bought a house or flat that's fallen in value, you may find you’re in negative equity.  This means that if you want to sell your current property, you'd have to pay the lender more to pay off your original mortgage loan than you receive from the buyer when you sell it. 

Under these circumstances, you could try to negotiate with your lender to change your mortgage, or you could think about letting your house instead. The other option is to stay where you are and hope that the value of your home rises in time. In this case, you would continue to pay your mortgage instalments as normal.

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Comparing mortgages could help you save money. Our award-winning loan comparison service makes sure you get our best interest rates. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators to help you make life's most important decisions and take control of your money.

Proud to be award winning

We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.