No Deposit Mortgages

No Deposit Mortgages

Compare Latest UK Mortgage Deals

Virgin Money Mortgage Offer

10 Year Fixed Interest Only Deal

  • Initial Rate – 2.52% APR
  • 65% Loan To Value (LTV)
  • 10 Year Fixed
  • £300 Cashback

Overall cost for comparison 3.40% APRC

Call Virgin Money FREE on 0330 057 1528

Latest Post Office Mortgage Deals
Post Office Mortgage
Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.94%
Reverts to 4.99%
Max LTV
90%
Product Fee
Yes

Call FREE on 0330 057 1528

£300 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.05%
Reverts to 4.74%
Max LTV
90%
Product Fee
No

Call FREE on 0808 178 6813

Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
2 Years
Initial Interest Rate
2.91%
Reverts to 4.24%
Max LTV
90%
Product Fee
No

Call FREE on 0800 158 2934

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
2 Years
Initial Interest Rate
2.91%
Reverts to 4.24%
Max LTV
90%
Product Fee
No

Call FREE on 0800 096 7447

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.99%
Reverts to 4.99%
Max LTV
95%
Product Fee
No

£500 Cashback

Call FREE on 0330 057 1528

Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
3.08%
Reverts to 4.74%
Max LTV
95%
Product Fee
No

Call FREE on 0808 178 6813

£400 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
3.29%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 158 2934

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
3.29%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 096 7447

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
3 Years
Initial Interest Rate
1.94%
Reverts to 4.99%
Max LTV
75%
Product Fee
Yes

Call FREE on 0330 057 1528

£300 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
3 Years
Initial Interest Rate
2.18%
Reverts to 4.99%
Max LTV
90%
Product Fee
Yes

Call FREE on 0330 057 1528

£300 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
3 Years
Initial Interest Rate
3.39%
Reverts to 4.99%
Max LTV
95%
Product Fee
No

£300 Cashback

Call FREE on 0330 057 1528

Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.09%
Reverts to 4.99%
Max LTV
75%
Product Fee
Yes

Call FREE on 0330 057 1528

£300 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.24%
Reverts to 4.74%
Max LTV
75%
Product Fee
No

Call FREE on 0808 178 6813

£400 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.35%
Reverts to 4.99%
Max LTV
90%
Product Fee
Yes

Call FREE on 0330 057 1528

£300 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.69%
Reverts to 4.74%
Max LTV
90%
Product Fee
No

Call FREE on 0808 178 6813

£1,000 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
3.28%
Reverts to 4.74%
Max LTV
95%
Product Fee
No

Call FREE on 0808 178 6813

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
5 Years
Initial Interest Rate
3.38%
Reverts to 4.24%
Max LTV
80%
Product Fee
No

Call FREE on 0800 096 7447

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
5 Years
Initial Interest Rate
3.68%
Reverts to 4.24%
Max LTV
90%
Product Fee
No

Call FREE on 0800 158 2934

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
3.81%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
3.81%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Tracker
Initial Term
2 Years
Initial Interest Rate
1.77%
Reverts to 4.99%
Max LTV
75%
Product Fee
Yes

Call FREE on 0330 057 1528

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

Type
Tracker
Initial Term
2 Years
Initial Interest Rate
2.32%
Reverts to 4.24%
Max LTV
75%
Product Fee
Yes

Call FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Tracker
Initial Term
2 Years
Initial Interest Rate
2.32%
Reverts to 4.24%
Max LTV
75%
Product Fee
Yes

Call FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Lifetime Tracker
Initial Term
Term of Mortgage
Interest Rate
4.74%
Max LTV
90%
Product Fee
No

Call FREE on 0808 178 6813

Early redemption charges may apply. Overall Cost for Comparison 4.90% APRC. This is the cost of the mortgage over the full term.

Type
Lifetime Tracker
Initial Term
Term of Mortgage
Interest Rate
4.74%
Max LTV
95%
Product Fee
No

Call FREE on 0808 178 6813

Early redemption charges may apply. Overall Cost for Comparison 4.90% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.99%
Reverts to 4.99%
Max LTV
95%
Product Fee
No

£500 Cashback

Call FREE on 0330 057 1528

Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
3.08%
Reverts to 4.74%
Max LTV
95%
Product Fee
No

Call FREE on 0808 178 6813

£400 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
3.28%
Reverts to 4.74%
Max LTV
95%
Product Fee
No

Call FREE on 0808 178 6813

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
3.29%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 158 2934

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
3.29%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 096 7447

£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
3 Years
Initial Interest Rate
3.39%
Reverts to 4.99%
Max LTV
95%
Product Fee
No

£300 Cashback

Call FREE on 0330 057 1528

Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
3.39%
Reverts to 4.99%
Max LTV
95%
Product Fee
No

£300 Cashback

Call FREE on 0330 057 1528

Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
3.81%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
3.81%
Reverts to 4.24%
Max LTV
95%
Product Fee
No

Call FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Lifetime Tracker
Initial Term
Term of Mortgage
Interest Rate
4.74%
Max LTV
95%
Product Fee
No

Call FREE on 0808 178 6813

Early redemption charges may apply. Overall Cost for Comparison 4.90% APRC. This is the cost of the mortgage over the full term.

No Deposit Mortgages

A no deposit allows you to borrow the full value of the property you want to purchase without the need to place a deposit with your lender –a mortgage with a loan to value ratio (LTV) of 100%. To compare top mortgage rates and find the best low deposit mortgages and 95% LTV mortgage deals, use the mortgage tables below:

What is the Loan-To-Value ratio (LTV)?

The loan to value ratio of a mortgage indicates how much of your property you own outright (covered by your deposit, and commonly known as equity) and the amount you are borrowing (covered by your mortgage), expressed as a percentage. Therefore, a 100% LTV mortgage means that you are borrowing the entire value of the property and paying no deposit. For example, if you were to buy a property worth £500,000 on a 100% LTV mortgage, you would borrow the entire £500,000 in the form of the mortgage.

How did no deposit mortgages work?

As the name suggests, a no deposit mortgage is a type of mortgage which doesn’t require you to put down a deposit, instead lending you 100% of the money needed to purchase your property. At the height of the pre-2008 property boom, some lenders even offered a 120% mortgage, which allowed you to borrow the full value of a property plus and extra 20% to cover costs such as home improvements – something that is hard to imagine in the current financial climate.

The risks of no deposit mortgages

The biggest risk of 100% mortgages comes from a fall in house prices – as happened during the financial crisis. If you bought a house for £200,000 using a 100% mortgage, and the value of the house then dropped to £180,000, you would find yourself owing the mortgage lender more than your house was worth – a situation known as negative equity.

After the property bubble burst in 2008, many no deposit mortgage holders found themselves stranded in negative equity, faced with high repayments. Coupled with the risk of redundancies and pay cuts, this left many people at risk of losing their homes.

Alternatives to no deposit mortgages

Even with the risks inherent in 100% mortgages, many people chose them because they found that they were one of the only ways to get onto the property ladder. Since the collapse of 100% mortgages, those without a substantial deposit may have had difficulty securing a mortgage.

The second phase of the Government’s Help To Buy scheme, introduced in Autumn 2013,  allows the Government to guarantee a percentage of a buyer’s mortgage, so long as they have saved at least a 5% deposit, as well as fulfilling certain other criteria. The Help To Buy scheme could offer assistance to eligible mortgage seekers who can raise a minimum of 5-10% as a deposit. Several high street mortgage lenders now offer Help To Buy deals at 90% or 95% LTV. Do bear in mind that these mortgages tend to come with higher interest rates than those with a lower LTV.

RBS Mortgage Offer

Interest Only Mortgage Deal

  • Initial Rate – 1.99%
  • 75% Loan To Value (LTV)
  • 5 Year Fixed

Overall cost for comparison 3.50% APRC

Call FREE on 0800 096 7447

Reviewers recommend Fair Investment Company

 

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