18 Jun 2025
Increase in zero-deposit mortgages in 2024
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
The zero-deposit mortgages are designed to let borrowers take out a mortgage without a deposit and are aimed at renters, or those finding it difficult to save for a down payment.
As with any product, there are pros and cons of a zero-deposit mortgage, these include:
Advantages of 100% mortgages
- You don't need to put down a deposit to buy your home
- You may be able to get onto the property ladder sooner than anticipated thanks to no down payment
- Mortgage repayments could be cheaper than rental payments
Disadvantages of 100% mortgages
- You may be in for higher interest rates than if you were to put down a deposit as you are seen as ‘higher-risk’ to the lender
- Remortgaging in the future – if the house falls in value, you may be required to pay remortgage fees
- At risk of negative equity
For more information on 100% mortgages click here. Alternatively, give our experts a call and they can help you choose a product best suited to you: 01628 507477 or email: team@mortgagerequired.com
Recent posts
In September 2026, they extended this to a wider range for those moving home. Eligible homeowners looking to purchase their next property can access the delayed start mortgage, which could help with the overlap between properties, solicitor, removal, and repair costs.
Best UK Mortgage Rates this Week
Yesterday
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
What is a Mortgage Stress Test?
3 days ago
A mortgage ‘stress test’ revolves around predicting future ‘affordability’. It is seen by many borrowers as just another hurdle to overcome, but it’s important to understand why it was introduced and who it is meant to protect.
There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.
Leaseholders to be given extra protection
23 days ago
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
New first-time buyer scheme announced by Burnham
25 days ago
Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.
What Happens to My Mortgage if I Lose My Job?
28 days ago
Losing your job or finding yourself ‘between jobs’ is, unsurprisingly, a stressful place to be. Keeping a cool head and taking action is important.
Flats 40% cheaper to buy than houses
18 Sep 2026
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
More information
Trusted by
