100% Recommend


We've been trusted by thousands of customers for mortgages since 2013.

100% Recommend

The Independent review organisation Reviews.co.uk report that 100% of reviewers recommend Lending Expert

Lending Experts

We’re mortgage experts. This means we know our stuff when it comes to all types of mortgages. We know where the best rates are and have access to exclusive deals just for Lending Expert customers.

Huge Market Comparison

We’re not tied to one lender which means we can search the wider market to find you the cheapest mortgages from across the UK.

Authorised & Regulated

Lending Expert is an FCA regulated credit broker which means you can be assured you are dealing with a legitimate and reputable finance company.

Flexible Lending

If you have bad credit or have previously been refused a mortgage we can consider your application. Whatever your circumstances please get in touch and we'll do our best to help find you the perfect mortgage deal.

Start Your No Deposit Mortgage Application Today With Lending Expert!

A no deposit mortgage, sometimes known as a 100% mortgage, is a mortgage where you do not have to pay any money towards your house and instead it is all repaid through your mortgage.

This type of mortgage is rare but it is possible for those that might need it. The best way to get yourself a no deposit mortgage is by having a guarantor. A guarantor mortgage means that if you cannot repay your mortgage your guarantor’s equity is at risk.

There are risks and benefits to getting a no deposit mortgage. Risks include facing higher interest rates and higher difficulty in being approved for a mortgage. Benefits include most importantly not needing to save for a deposit which can be too large a sum of money for some people.

There are a few ways having a guarantor can help you secure a 100% mortgage, including your guarantor putting money into a savings account that they cannot touch for a number of years until a certain amount of your mortgage is repaid.

It is likely that you will be subject to credit and financial checks before you are able to get a no deposit mortgage and therefore it is important to make sure that you have a good credit history and a history of repaying bills on time.

Applying for a 100% mortgage lenders already believe you are high-risk so this is probably not the road to go down if you are a first-time buyer as it can be difficult already to get your first mortgage!

Before taking out a no deposit mortgage, make sure to share the objectives with your mortgage advisor so that you can ensure that the mortgage suitably meets your requirements.

Lending Expert is a mortgage broker and can compare over 1,000 no deposit mortgage deals across the UK. Whilst high street banks will typically offer no deposit mortgages too, we can help find the best option for you with rates from 1.39% per month, whether you are looking for interest only, fixed, variable, tracker or have a bad credit history.

Start by clicking on ‘Check my Eligibility’ below and enter some basic details about you and your property – and Lending Expert will be able to help you find the best no deposit mortgage according to your requirements.


Key Features

  • Rates from 1.39% per month.
  • Borrow up to £2 million.
  • Loan Term – 1 to 25 years or upon request.
  • Interest only, fixed, tracker mortgages available.
  • Free tool to compare no deposit mortgages.


Am I Eligible for a No Deposit Mortgage?

You are eligible to apply for a no deposit Mortgage with Lending Expert as your broker if you adhere to the following criteria:


How Can I Get a No Deposit Mortgage?

Although it is possible to get a no deposit mortgage, these are very rare now in the UK. The only 100% mortgages now available in the UK are guarantor mortgages.

This involves one of your friends or family acting as a guarantor for your property. They agree to meet any repayments that you miss and also they need to provide some sort of equity as security. There are two ways they can do this:

Using their own home as security: This can be risky for their own house because if you fall too far back on your repayments for your no deposit mortgage your guarantors house could be repossessed.

Using their savings as security: This means that your guarantor will put a lump sum into an account held by the lender. They cannot touch or withdraw this money until you have paid off a certain amount of your 100% mortgage.

If lenders can see that you have a good credit score and history of repaying bills on time you will be more likely to be approved for one of these loans.

However, be aware that using a guarantor can be risky and if you cannot afford to repay your mortgage then whoever is acting as your guarantor is at risk of losing their money and their property.


Do I Have To Have a Guarantor for a No Deposit Mortgage?

At the moment, it is most likely that you would have to have a guarantor for a no deposit mortgage.

If you cannot find someone to be your guarantor then a no deposit mortgage might not be the best step for you. You can look through Lending Expert’s pages on other mortgages and schemes, such as Help to Buy, First-Time Buyer Mortgages and Right to Buy.

Find out if waiting and saving for a deposit might be a better idea than risking money with a guarantor for a no deposit mortgage.



Are No Deposit Mortgages Available for First Time Buyers?

No deposit mortgages are seen as very high risk by the lender. First time buyers are also seen as very high risk by lenders, this means that it is unlikely that you will be offered a 100% mortgage as a first time buyer.

If you have a strong credit history and a strong guarantor to back your application then it may be possible but lenders will have to be certain that you will be able to repay the mortgage fully.

Lending Expert’s page on first time buyer mortgages can help guide you to the best mortgage as a first time buyer.


How Much Is a Deposit for a House?

Deposits for houses are seen as percentages of the house’s property. For example if you are putting down a 10% deposit on a £600,000 house, the deposit would be £60,000. Most lenders will ask for at least a 10% deposit when getting a mortgage.

The bigger the deposit that you put down, the cheaper the mortgage and the lower the interest rates. That is why no deposit mortgages have a much higher interest rate than any other type of mortgage where you put a deposit down.


What Are the Advantages of a 100% Mortgage?

The main advantage of having a no deposit mortgage is that you do not have to pay a deposit. There is no money wasted on paying a deposit and less time has to be spent saving in order to be able to afford a deposit.

With Lending Expert as your mortgage broker we will be able to find the best mortgage deal that is suited to your needs.


What Are the Disadvantages of a 100% Mortgage?

There are a few disadvantages to getting a no deposit mortgage. These include:

  • Higher Interest Rates – As lenders see 100% mortgages as more risky the interest rates on these mortgages are usually much higher than your average and therefore more expensive for you.
  • You Need A Guarantor – In order to get a no deposit mortgage you will more than likely need a guarantor and if you cannot repay then their money and house in some cases could be at risk of being repossessed.
  • Harder To Be Accepted – It is much harder to be accepted for a no deposit mortgage as the lender will be much stricter on the guidelines within which they will accept you. Use Lending Expert to find the best lender for you.
  • Leaves You In Debt – If for whatever reason you need to sell your house, if your house is not worth a lot the money that you receive for it might not be enough to pay off your mortgage leaving you in debt at the end.


How Do I Compare No Deposit Mortgage Rates?

Working with a mortgage broker such as Lending Expert will help you find the best mortgage to suit your circumstances without impacting your credit rating.

Contact us today to speak to an expert and start comparing first time buyer mortgages to find the best option for you.


What Areas of the UK Does Lending Expert Cover as a No Deposit Mortgage Broker?

We proudly offer no deposit mortgages across the entire UK, Scotland and Wales including Birmingham, Brighton, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Liverpool, London, Manchester, Nottingham, Newcastle, Sheffield and more.


Why Use Lending Expert as Your No Deposit Mortgage Broker?

Working with a number of high street banks and specialist mortgage lenders, Lending Expert has access to over 1,000 mortgage deals available and is in the perfect position to help you get approved and get the best rates.

Our eligibility checker is completely free to use and can provide an indicative quote, with no obligation.

Founded in 2013, we have years of experience working in the secured loan and mortgage market and have helped thousands of customers to date. Our values have always been to find the right product for the right individual at the competitive rate – and we are pleased to offer our services for you today!

Compare mortgages and get the best deals today.