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Mortgages With No Deposit

Are you looking for 0 deposit mortgages? Deedle Finance is here to assist in getting you the best mortgage rates in your area.

We understand that saving for a deposit can be challenging, but that shouldn't stop you from owning your dream home. With our expertise and network of lenders, we can help you secure a mortgage with no deposit required.


Begin Your Mortgage Journey Today

How To Get A Mortgage With No Deposit

Step 1
Complete Deedle's Simple Online Form
Enter some simple information on our online form including your name, date of birth, contact information and postcode to get your no deposit mortgage.
Step 2
Get A Callback From A Member Of Our Dedicated Team
Almost immediately after submitting our form, a member of the team will get in touch to talk you through the process of getting your no deposit mortgage.
Step 3
Check Your Eligibility For The Motgage
We will require some further information including your annual income. We will then be able to calculate how much you can borrow and find the best rates available.
Step 4
Receive Your No Deposit Mortgage
We’ll match the best lender with your borrowing requirements, submit your mortgage application and begin your no deposit mortgage journey as soon as possible!

Can I Get A Mortgage If I Have No Deposit?

Many people wonder if it’s possible to get a mortgage without a deposit. The good news is, yes, it is possible!

Although it is a little more challenging to get a mortgage without a deposit due to the risk posed to the bank, Deedle Finance specialises in helping individuals like you who don’t have a deposit but still want to enter the property market.

Our team of experts will guide you through the process and explore various options to find a suitable solution for your unique circumstances.

What Is A Mortgage Without Deposit?

Also known as a 100% LTV Mortgage, a no deposit mortgage is a loan from a lender for the entire cost of the property.

For example, if your property is valued at £185,000, a no deposit mortgage means you would borrow the entire £185,000 from a mortgage lender.

What Are The Costs Involved When Getting A Mortgage With No Deposit?

While getting a mortgage with no deposit may seem like a great opportunity, it’s important to understand what you might need to pay.

There are several costs to consider when taking out a mortgage with no deposit. Deedle Finance will provide you with a comprehensive breakdown of the expenses involved, including:

  • Valuation fees
  • Legal fees
  • Survey fees
  • Stamp Duty Tax (if applicable)
  • Lender charges

If your property is unfurnished, you may also be required to spend money moving your current belongings across or buying new furniture for your home.

We will ensure transparency throughout the process, so you have a clear understanding of the financial commitments associated with your mortgage.


Different Types of Mortgages Available with No Deposit

Fixed-Rate Mortgages

  • The interest rate remains fixed for a predetermined period, typically 2 to 10 years.

  • Your mortgage repayments stay the same throughout the fixed-rate period, providing budgeting certainty.

  • Even if interest rates rise in the market, your rate remains unchanged.

Variable-Rate Mortgages

  • The interest rate can change over time, depending on fluctuations in the market.

  • Some variable rate mortgages allow you to make additional payments, reducing your mortgage faster.

  • If interest rates rise, your mortgage rate and monthly payments may increase, so be prepared for potential changes.


  • The interest rate on a tracker mortgage is directly linked to a specific external rate, typically the Bank of England’s base rate.

  • The interest rate adjustments follow the movements of the chosen external rate, ensuring transparency and predictability.

  • If the external rate increases, your mortgage rate and monthly payments may rise accordingly, so consider the potential impact.

Get The Best Mortgage Rates With No Deposit

Why Should I Use a Mortgage Broker to Find My Mortgage With No Deposit?

Finding the right mortgage without a deposit can be a daunting task. That’s where Deedle Finance can make a difference.

By working with our experienced team, you can save time and effort in searching for the best deal – we search through 1,000s of mortgage deals to find the right one for our customers’ circumstances and needs. Our brokers have access to a wide network of lenders and can compare multiple options on your behalf, ensuring you secure the most favourable terms and rates available.

With our expertise and market knowledge, Deedle can navigate the complexities of the mortgage industry and identify lenders who are more likely to approve your application.

What Are The Pros And Cons Of A Mortgage With No Deposit?

It’s important to carefully consider the pros and cons, along with your personal financial situation and goals, to determine if a mortgage with no deposit is the right choice for you.

Pros: Cons:
  • Opportunity for Homeownership: A mortgage with no deposit allows you to purchase a home without needing a large upfront deposit, making homeownership more accessible.
  • Higher Loan Amount: Without a deposit, you will need to borrow the entire purchase price, resulting in a higher loan amount and potentially higher monthly mortgage payments.
  • Potential for Investment: By entering the property market sooner, you have the potential to benefit from property appreciation and build equity over time.
  • Potential for Higher Interest Rates: Lenders may charge higher interest rates on no deposit mortgages to offset the risk associated with higher loan-to-value ratios.
  • Flexibility with Savings: Not having to save for a deposit gives you more flexibility to allocate your savings towards other financial goals or investments.
  • Limited Lender Options: Not all lenders offer no deposit mortgages, reducing your pool of potential lenders and potentially limiting your choice of mortgage products.
  • Faster Entry into the Housing Market: With no deposit required, you can enter the housing market sooner, avoiding the delay of saving for a substantial deposit.
  • Mortgage Insurance Costs: With a no deposit mortgage, you may be required to pay for mortgage insurance to protect the lender in case of default, adding to the overall cost of the mortgage.

Find The Cheapest No Deposit Mortgage Deals

What Is the Criteria To Apply For A Mortgage With No Deposit?

While the criteria for a mortgage with no deposit may vary among lenders, Deedle Finance will guide you through the general requirements.

Typically, lenders consider factors such as:

  • Your age
  • Your income and employment status
  • Your credit rating
  • Any debts you might have
  • The size of the loan
  • Your monthly outgoings

Our team will assess your eligibility and help you understand what lenders look for when evaluating applicants for a no deposit mortgage.

What Documentation Do I Need To Get A Mortgage With No Deposit?

Applying for a mortgage with no deposit requires specific documentation to support your application. Deedle Finance will assist you in gathering the necessary paperwork, which may include:

  • Proof of ID such as your passport or driving license
  • Proof of postal address
  • Proof of income (usually by providing payslips)
  • Current or most recent P60
  • Your SA302 tax return forms if you are self-employed
  • Proof of any bonuses or commission if applicable

Our team will ensure you have a complete and organised application to increase your chances of mortgage approval.

Frequently Asked Questions About Mortgages With No Deposit

Why Might I Need A Mortgage With No Deposit?

There are several reasons why you might need a mortgage with no deposit. It could be due to challenges in saving a substantial deposit, a desire to enter the property market sooner or a need to allocate funds for other important financial commitments while still achieving homeownership.

What Mortgage Offers Are Available For Borrowers With No Deposit?

A number of lenders are developing mortgage offers for borrowers who have no deposit saved. One such offer is available via Skipton Building Society providing a 100% mortgage offer.

The Track Record Mortgage provides an option for first-time buyers to get on the property ladder, even if they have no deposit saved. Just note there are strict eligibility checks for this mortgage product including proof of at least one year’s rental payments, and also the mortgage cannot be used for a new build flat.

How Much Does It Cost To Apply With Deedle?

There is no charge for applying with Deedle. Our service is completely free and there are no upfront fees. We work to match you with the perfect mortgage lender from our network of reputable partners.

What Are Guarantor Mortgages For No Deposit Mortgages?

A guarantor mortgage is when someone close to you, usually a family member, takes on the risk of your debt should you be unable to make any monthly repayments. The guarantor will not be named on the deeds of the property or have any right to any share of the property. To be a guarantor, you have to pass certain eligibility with clauses ranging from their age to existing equity in their own property.

Can I Get A No Deposit Mortgage If I Have Bad Credit?

Yes it is possible to get a no deposit mortgage if you have bad credit. Many lenders will require you to have a larger deposit if you have a bad credit rating, however at Deedle, we will endeavour to support you and help find you the best solution possible.

What Do I Do If I Cannot Get A Mortgage Without A Deposit?

If you cannot secure a mortgage without a deposit, there are alternative options to explore. Consider saving for a deposit, exploring government-backed schemes or seeking professional advice from a mortgage broker to explore potential solutions tailored to your circumstances.