100 Mortgage UK: Compare No Deposit Lenders, Rates, Eligibility & Guarantor Options
A 100% mortgage in the UK is a home loan that covers the entire purchase price of a property, requiring no cash deposit from the buyer. As of September 2026, four UK lenders offer this directly, without a personal guarantor: Skipton Building Society, Hanley Economic Building Society, April Mortgages, and Gable Mortgages.
Key takeaways
- A 100% mortgage covers the full property price with no deposit, and three UK lenders – Skipton, Hanley Economic and April – offer one without a personal guarantor.
- Skipton’s Track Record mortgage carried a five-year fixed rate of 5.65% as of July 2026, higher than equivalent deals where buyers put down a deposit.
- Borrowing at 100% loan-to-value carries a greater risk of negative equity, since there is no deposit cushion if property prices fall.
What is a 100% mortgage, and how does it work?
A 100% mortgage lets a buyer borrow the full value of a property, so the loan-to-value (LTV) ratio, the mortgage amount as a percentage of the property’s price, sits at 100%. No deposit changes hands at completion.
Repayments cover both the capital borrowed and the interest charged, in the same way as any other mortgage. The interest rate is usually fixed for an initial period, often five years, after which the loan reverts to the lender’s standard variable rate unless the buyer remortgages onto a new deal.
Checking the UK interest rate forecast for the next 5 years can help buyers evaluate whether locking into a five-year fixed term aligns with expected market movements.
Because no deposit changes hands, these are often marketed as 0% deposit mortgages, simply a different name for the same fixed-rate structure.
The Money and Pensions Service, which runs the MoneyHelper guidance service, confirms that a 100% mortgage carries greater risk for both lender and borrower than a mortgage backed by a deposit. That risk is the reason rates on these products tend to run higher.
Who can get a 100% mortgage in the UK?
Eligibility depends entirely on which lender’s product a buyer applies for, since each sets its own criteria rather than following a single industry standard.
| Lender | Deposit accepted | Fixed term | Who it’s for |
| Skipton Building Society | 0–5% | 5 years | Renters and some previous homeowners |
| Hanley Economic Building Society | 0% | 5 years | Renters with a 12-month rent history |
| Gable Mortgages | 0% | 5 years | Renters and first-time buyers buying standard or new-build properties |
| April Mortgages | 0% | 10 or 15 years | First-time buyers and home movers |
None of these four lenders requires a family guarantor, offering genuine direct borrowing options rather than the guarantor-backed products typical before 2008.
For renters: 100% mortgage UK for renters
Skipton’s Track Record mortgage and Hanley Economic’s Rent to Own mortgage both use verifiable rental history in place of a cash deposit.
- Skipton requires applicants to be aged 21 or over, to have had no missed debt or credit payments in the prior six months, and to have paid 12 consecutive months of rent within the last 18 months. Its maximum loan size is £600,000, with a maximum term of 40 years ending by age 75.
- Hanley Economic also asks for a 12-month rental history, but sets a lower loan ceiling of £350,000 and caps monthly mortgage borrowing at 133% of current monthly rent. Applicants need a minimum income of £25,000 and can borrow up to five times their annual salary.
- Gable Mortgages offers 5-year fixed products for renters and first-time buyers, providing tailored pricing for buyers purchasing energy-efficient new-build homes. If you’re exploring this route, looking into developer incentives or new homes discounted by £100k can further reduce your initial borrowing needs.
For first-time buyers without a rental history: 100% mortgage UK for first-time buyers
April Mortgages does not require any rental history at all. It’s aimed at first-time buyers and home movers with a household income of at least £24,000, buying a house, not a flat, valued between £75,000 and £2 million (£2.5 million in Greater London).
The affordability assessment instead weighs income, outgoings and credit history directly. Crucially, April imposes a strict loan-to-income cap, limiting borrowing to 4.49 times the applicant’s combined household income.
Do you need a good credit score for a 100% mortgage?
None of the three lenders publishes a minimum numeric credit score for its 100% mortgage. What they check instead is recent payment behaviour.
Skipton’s published criterion is straightforward: no missed payments on debts or credit commitments, such as loans, credit cards or mobile phone contracts, in the six months before applying.
Lenders pull this history from a UK credit reference agency – Experian, Equifax or TransUnion, rather than relying on a single overseas-style credit score.
| What lenders check | Why it matters |
|---|---|
| Missed payments in the last 6 months | Skipton’s stated bar for eligibility |
| Rent and bill payment history | Substitutes for a deposit as proof of affordability |
| Overall credit report from a UK agency | Feeds into the lender’s own affordability assessment |
A poor credit history makes approval considerably harder, even though no lender states an exact cut-off. Buyers concerned about their record can request a copy of their report from any of the three UK credit reference agencies before applying, at no cost.
What if you don’t qualify? Are there alternatives?
Buyers who don’t meet Skipton’s, Hanley Economic’s or April’s criteria still have routes into a 100% mortgage, generally through family support rather than a lender’s own no-deposit product.
- Guarantor mortgage/family springboard mortgage. Barclays’ Family Springboard mortgage lets a family member deposit 10% of the purchase price into a linked savings account, held for five years as security.
- The buyer borrows 100% of the property value; the family member’s savings are returned with interest if repayments stay on track. Barclays prices this at around 5.37% on a five-year fixed rate at 100% LTV.
- Joint borrower sole proprietor (JBSP). With a JBSP mortgage, a family member’s income is added to the application without putting them on the property’s title deeds. Metro Bank offers a JBSP mortgage up to 100% LTV and up to £675,000, taking income from as many as four applicants.
- Gifted deposit. A family member can provide a non-repayable cash gift towards a deposit. Some homeowners release this capital using savings or by taking out a second charge mortgage on their existing property. This opens access to standard 95% LTV products, which offer broader lender choice and lower interest rates.
How much does a 100% mortgage cost?
Rates on 100% mortgages sit above equivalent deals that require even a small deposit, because lenders price in the extra risk of lending without one.
| Lender | Rate | Fixed term | Fees |
| Skipton Building Society | 5.65% (as of July 2026) | 5 years | No application or completion fee |
| Hanley Economic Building Society | 7.50% | 5 years | No fees |
| Gable Mortgages | 5.95% (5.65% on new builds) | 5 years | Standard fees apply based on broker |
| April Mortgages | 6.65% | 10 years | £195 application fee, £995 completion fee |
As a generic illustration of how these rates apply, a £200,000 mortgage taken over 30 years at Skipton’s 5.65% rate costs approximately £1,154 a month during the initial fixed term.
The same loan at Hanley Economic’s 7.50% rate costs roughly £1,398 a month, and at April’s 6.65% ten-year fixed rate, approximately £1,284 a month. These figures use round numbers purely to show how the rate difference affects repayments, not as a quote for any individual’s circumstances.
Beyond the rate itself, Skipton covers the cost of a standard mortgage valuation on properties under £1.5 million and charges no application or completion fee. Hanley Economic charges no fees either.
April charges a non-refundable application fee of £195 and a completion fee of £995, payable upfront or added to the loan. Whichever lender is used, buyers still need funds for solicitor’s fees, a survey, and moving costs, since a 100% mortgage only removes the deposit, not every cost of buying a home.
What documents do you need, and how do you apply?
- Get a Decision in Principle first. This is an early indication from a lender of how much it might lend, based on a light-touch check of income and credit history, before a full application.
- Prove the rental history. Skipton and Hanley Economic both ask for 12 months of bank statements showing rent payments, or a letter from a letting agent registered with the Association of Residential Letting Agents (ARLA).
- Show household bill payments, where the lender asks for this alongside rent, typically covering the same 12-month period.
- Provide standard ID and income evidence. This follows the usual pattern for any mortgage application – payslips, bank statements and identification, though exact requirements vary by lender and aren’t published in full by every provider.
- Complete the full application and affordability assessment, which checks income, outgoings and credit history against the lender’s lending criteria.
What are the risks and benefits of a 100% mortgage?
| Benefits | Risks |
|---|---|
| No deposit needed to buy | Higher interest rate than a mortgage with a deposit |
| Can get on the property ladder sooner | Greater risk of negative equity |
| Monthly payments may be close to current rent | Fewer lenders and products to choose from |
| Starts building home equity immediately | Harder to remortgage until enough equity builds up |
Negative equity happens when a property’s market value falls below the amount still owed on its mortgage.
Because a 100% mortgage starts with no deposit cushion, even a modest drop in house prices can tip a buyer into negative equity, making it difficult to move home or remortgage until the balance owed falls below the property’s value again.
What happens if you miss a payment or repay early?
Lenders don’t set a single fixed penalty for missed mortgage payments; charges vary by lender and are set out in each mortgage’s offer document.
The Financial Conduct Authority’s mortgage conduct rules require every lender to treat a borrower in arrears fairly, and to give a clear indication of the charges likely to apply before a payment shortfall builds up.
If those charges turn out to be unfair, the Financial Ombudsman Service can order a refund, along with compensation for any distress caused.
Under the FCA’s Mortgages and Home Finance: Conduct of Business rules, a lender must deal fairly with any customer who falls into arrears, including setting out likely charges in writing within 15 business days of the shortfall appearing.
Early repayment charges follow the same lender-by-lender pattern. Skipton’s tariff of charges describes its early repayment charge as variable, set out in the individual mortgage offer, and payable if the loan is repaid in full early or overpaid beyond an allowed threshold.
One published source puts Skipton’s charge at around 6% in the first year of the fixed term, tapering in later years, though the exact figure depends on the specific deal and should always be checked against the mortgage offer itself rather than assumed.
Conclusion
A 100% mortgage UK product remains a genuine, if limited, option for buyers without a deposit. Skipton, Hanley Economic and April each offer one without a guarantor, at rates running higher than deposit-backed deals, and eligibility hinges on rental history, income or both.
Buyers who don’t qualify still have guarantor and family-assisted routes worth comparing before ruling out homeownership altogether.
FAQs
Can you still get a 100% mortgage in the UK?
Yes. Four lenders – Skipton Building Society, Hanley Economic Building Society, April Mortgages, and Gable Mortgages – currently offer a 100% mortgage without requiring a personal guarantor, alongside guarantor and family-assisted routes from other lenders.
Do you need a guarantor for a 100% mortgage?
No, not with Skipton, Hanley Economic or April. Buyers who don’t meet those three lenders’ criteria can still consider a guarantor mortgage, a family springboard mortgage, or a joint borrower sole proprietor arrangement instead.
What’s the maximum you can borrow, and is there a minimum?
Skipton and April both cap borrowing at £600,000; Hanley Economic caps its Rent to Own mortgage at £350,000. None of the three lenders publishes a minimum loan size for these products.
What’s the longest and shortest mortgage term available?
Skipton’s maximum term is 40 years, and the mortgage must end by the borrower’s 75th birthday. April offers fixed terms of 10 or 15 years. No lender publishes a minimum term for its 100% mortgage.
Have 100% mortgage rates changed much recently?
Yes, based on the limited data published so far. Skipton’s Track Record rate moved from 5.44% in October 2024 to 5.65% by July 2026, with several rate reductions in between. This reflects only the data points publicly available for one lender, not a complete rate history across the market.
Rates and product criteria change; entitlement to any specific mortgage depends on individual circumstances and the lender’s own assessment. Figures in this article reflect rates published as of July–September 2026; readers should confirm current rates directly with the lender before applying.
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