100% Mortgages for First Time Buyers

Get low deposit first time buyer mortgages

100% mortgages mean that you do not have to give a deposit to buy a home - you can borrow 100 per cent of the property's value. In the current mortgage market these deals are hard to come by because they are perceived as a higher risk by mortgage lenders. However, there are still mortgage options available for people who want to buy their first property butt do not have a large deposit.  A number of lenders are offering 95% loan to value deals for first time buyers under the Government’s help to buy mortgage scheme. These are first time buyer mortgages which are partially funded by the Government and so do not require a substantial deposit in comparison to regular residential mortgages. 

Fixed Rate Mortgage Deals
ProviderInitial RateTermTypeAPR*Product or
Booking Fee
LTV 
1.25%
2 YearsFixed Rate4.10%£1,99560%More Info >
  • Available to all customers
  • Product fee of £1,995
1.69%
2 YearsFixed Rate4.10%£99575%More Info >
  • Available to all customers
  • Product fee of £995
1.69%
2 Years Fixed Rate3.70%£99970%More Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999
1.89%
3 YearsFixed Rate4.00%£1,49960%More Info >
  • Call the Co-op mortgage team 0344 844 8449
  • Product fee of £1,499
2.19%
2 YearsFixed Rate 4.20%£99585%More Info >
  • Available to all customers
  • Product fee of £995
2.29%
2 YearsFixed Rate 4.70%£99975%More Info >
  • Available to all customers
  • Product fee of £999
2.29%
2 YearsFixed Rate 4.70%£99975%More Info >
  • Available to all customers
  • Product fee of £999
2.39%
2 YearsFixed Rate4.30%£99985%More Info >
  • Call the Co-op mortgage team 0344 844 8449
  • Product fee of £999
2.69%
2 YearsFixed Rate 4.60%£075%More Info >
  • Available to all customers
  • No product fee
2.69%
2 YearsFixed Rate 4.60%£075%More Info >
  • Available to all customers
  • No product fee

*APR = Overall Cost for Comparison

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above fixed rate mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 3389

Tracker Mortgage Deals
ProviderInitial RateTermTypeAPR*Product or
Booking Fee
LTV 
1.39%
2 YearsTracker4.30%£99565%More Info >
  • Available to all customers
  • Call 0845 163 3048 to speak to us about this deal
  • Product fee of £995
1.49%
2 YearsTracker
Freedom to Switch
4.40%£99565%More Info >
  • Available to all customers
  • Call 0845 163 3048 to speak to us about this deal
  • Product fee of £995
1.59%
2 YearsTracker4.40%£99575%More Info >
  • Available to all customers
  • Call 0845 163 3048 to speak to us about this deal
  • Product fee of £995
1.69%
2 YearsTracker
Freedom to Switch
4.40%£99575%More Info >
  • Available to all customers
  • Call 0845 163 3048 to speak to us about this deal
  • Product fee of £995
1.99%
Life of the mortgageLifetime Tracker2.10%£99960%More Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999
2.19%
Life of the mortgageLifetime Tracker2.30%£99970%More Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999

*APR = Overall Cost for Comparison

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above tracker mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

Discount Rate Mortgage Deals
ProviderInitial RateTermTypeAPR*Product or
Booking Fee
LTV 
0.99%
2 YearsDiscounted
Variable Rate
3.60%£1,49960%More Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £1499
2.79%
2 YearsDiscounted
Variable Rate
4.80%£99975%More Info >
  • Available to all customers
  • Product fee of £999 (£499 existing customers) 
2.89%
2 YearsDiscounted
Variable Rate
4.80%£99980%More Info >
  • Available to all customers
  • Product fee of £999 (£499 existing customers) 

*APR = Overall Cost for Comparison

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above discount mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 3389

Buy to Let Mortgage Deal Selection
ProviderInitial RateTermTypeAPR*Product or
Booking Fee
LTV 
2.44%
2 YearsFixed Rate
Buy to Let
4.70%£99560%More Info >
  • Available to NEW customers
  • Product fee of £995
2.89%
3 YearsFixed Rate
Buy to Let
4.60%£99560%More Info >
  • Available to NEW customers
  • Product fee £995
2.89%
2 YearsFixed Rate
Buy to Let
5.60%£99960%More Info >
  • Available to all customers
  • Product fee of £999

*APR = Overall Cost for Comparison

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above buy to let mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 3389

Independent Mortgage Quotes & Advice Service
Mortgage ServiceIndependent Mortgage AdviceMortgage Quotes Tailored to youFast Track ServiceMortgage Protection ReviewGet Quotes
YesYesYesYesMore Info >
  • Call 0117 332 6063
  • Independent mortgage advice
  • Experienced administration support
  • Fast Track Service

Compare High LTV Mortgages

Potential advantages of a high loan to value first time buyer mortgage

Advantages of a high loan to value (LTV) mortgage for first time buyers include: 

  • Being able to buy a house even if you are on a tight income and cannot save a substantial deposit
  • Not having to put in a lot of cash up front, saving it for other things such as improvements to the house 
  • Getting onto the housing ladder and potentially saving on increases in rental payments over the years


Potential disadvantages of a high loan to value first time buyer mortgage

Disadvantages of high LTV mortgages for first time buyers include: 

  • Few lenders offer them so it is not competitive and higher interest rates are often charged
  • You must be able to make the repayments within your budget, without it being too much of a stretch – if this is the case, it may be beneficial to wait a little longer and save a little more before you buy, in order to be eligible for a lower LTV mortgage and thus lower monthly payments. Mortgage lenders will ‘stress test’ your finances to ensure that you will be able to make the repayments even if your financial circumstances alter in the future
  • If the value of the property goes down, you could go into negative equity, when you owe more than your property is worth. This is a higher risk the higher your LTV is, because you own less of the property outright. 

Choosing a high LTV mortgage deal if you are a first time buyer can be very much a matter of weighing yup the relative benefits and drawbacks. In order to help you make a decision, our expert advisers can be contacted on 0117 332 3389 – they can help you to find the best high LTV first time buyer mortgage for your circumstances. You can also use our free mortgage calculator, above to help you find and compare the latest high loan to value mortgage deals.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker