It may be possible for some first-time buyers to get a mortgage with no deposit, but options are more limited than standard mortgage products.
A no deposit mortgage is often called a 100% mortgage because you are borrowing the full property value without putting down a traditional cash deposit.
Lenders may look closely at your income, affordability, credit history, employment, rental history and overall financial position before deciding whether this type of mortgage could be suitable.
Protect & Lend can help you understand what may be realistic before you apply.
With a no deposit mortgage, you may be able to buy a property without using a traditional cash deposit.
Because the lender is taking on more risk, the criteria can be stricter. Some options may be linked to your rental history, while others may involve family support, savings held as security, or another lender-specific arrangement.
This is why getting advice before applying is important. Protect & Lend can explain the options available and help you understand whether a no deposit or low deposit mortgage may be more suitable.
We look at your income, outgoings and monthly budget.
We explain no deposit, low deposit and gifted deposit routes.
We help you understand what lenders may consider.
We compare suitable options from our lender panel.
We guide you through the documents lenders may need.
We help you move forward with a realistic plan.
A no deposit mortgage will not be the right option for everyone. Depending on your circumstances, there may be other routes to consider.
These may include a low deposit mortgage, a gifted deposit from family, a 5% deposit mortgage, shared ownership, or continuing to save until you have a stronger deposit available.
Protect & Lend can compare these options with you and explain what may be suitable before you apply.
No deposit mortgages for first-time buyers are not always straightforward. Lender criteria can vary, and applying to the wrong lender could lead to an unnecessary decline.
Protect & Lend can review your situation first, compare suitable mortgage options and explain which routes may be realistic based on your income, credit history and affordability.
This can make the process clearer, less stressful and easier to manage from the start.
Get no deposit mortgage advice for your first home
If you are a first-time buyer and you do not have a deposit saved, Protect & Lend can help you understand your options.
Whether a no deposit mortgage is possible or a low deposit alternative would be more suitable, our advisers can guide you through the next steps.
Talk to Protect & Lend today about no deposit mortgages for first time buyers.
It may be possible, but no deposit mortgage options are usually limited and subject to strict lender criteria. Protect & Lend can help you understand whether this route may be suitable.
Yes, a no deposit mortgage is often referred to as a 100% mortgage because you are borrowing the full property value without a traditional cash deposit.
They can be harder to get because the lender is taking on more risk. Your income, affordability, credit history and wider circumstances will all be considered.
Yes, many first-time buyers use a gifted deposit from family. Lenders usually need confirmation that the money is a genuine gift and not a loan.
If you have a small deposit, a low deposit mortgage may be more suitable than a no deposit mortgage. Protect & Lend can compare both routes and explain your options.
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If you are thinking about your mortgage and want clear, straightforward advice, we are here to help. Speak to Protect & Lend about your mortgage options and find out what may be available for your circumstances.