£5,000 Deposit Mortgage

In early 2024, Accord Mortgages announced their new £5K Deposit Mortgage for first time buyers with the aim being to help more people get on the property ladder with a lower deposit.

This is an intermediary only lender, meaning you must go via a mortgage broker to access this deal.

Eligibility Criteria

First time buyers only (if it is a joint purchase only one of you needs to be a first-time buyer and the second person cannot currently own a property)

• Minimum deposit: £5,000
• Gifted deposit is acceptable
• Houses only (no flats or new builds)
• Minimum purchase price: £100,000
• Maximum purchase price: £500,000
• Maximum term: 40 years
• Maximum age at end of term is 70
• Maximum Loan to value (LTV) 99%
• Only available on a 5-year fixed rate

Call the team at Mortgage Required to see if this is the right option for you.