No Deposit Mortgage UK: Which 100% Mortgages Actually Exist in 2026

By Jake Stott, Knox Mortgages. Reviewed by an adviser authorised under Fort Advice Bureau, FCA FRN 972730. Published 25 September 2026. Last reviewed 25 September 2026.

A no deposit mortgage is a 100% mortgage: the lender funds the full purchase price, so the loan to value (LTV) is 100% and you put no cash deposit down. In September 2026 a small number of UK lenders offer them, mainly Skipton Building Society, April Mortgages and Gable Mortgages, with family-backed versions from Barclays, Lloyds and Family Building Society. You still need cash for legal fees and a survey.

This guide names every route we can verify, quotes each lender’s published criteria with the month we checked it, shows the affordability maths line by line, and explains the part most comparison pages skip: what happens if house prices fall while you owe 100% of the value.

Can you get a mortgage with no deposit in the UK in 2026?

Yes, but only from a short list of lenders and only if your income, credit record and property all fit tight criteria. For most of the last fifteen years true 100% mortgages barely existed. After 2008 lenders pulled them because borrowers with no equity were the first to fall into negative equity and the most expensive to repossess. The market reopened in 2023 when Skipton launched its Track Record mortgage for renters, April Mortgages followed with a long-term fixed 100% product, Family Building Society relaunched a 100% family-backed mortgage in February 2026, and Gable Mortgages launched a 100% range in September 2026.

Every one of these products caps how much you can borrow against your income, most exclude flats, and rates sit above what you would pay with a 5% or 10% deposit. There is no government 100% mortgage scheme. What the government does offer, Right to Buy, shared ownership and the Lifetime ISA bonus, reduces the deposit you need rather than removing it, and those routes are covered further down.

So the honest answer: possible, for the right applicant, on the right property. The rest of this page is about working out whether that is you.

Which lenders offer 100% mortgages right now?

Six products give UK buyers 100% of the purchase price in September 2026. Three need no family help at all (Skipton, April, Gable). Three are 100% for you but need a family member to put up savings or property as security (Barclays, Lloyds, Family Building Society). Figures below are taken from each lender’s own site, intermediary criteria or launch announcement, checked in September 2026. Lenders change criteria and withdraw products with little notice, so treat this as a map, not a quote.

Sources: Skipton intermediary criteria and skipton.co.uk; April Mortgages broker site and launch coverage; Gable launch announcement (September 2026); Barclays Intermediaries criteria; Lloyds consumer site; Family Building Society intermediary announcement (February 2026). All checked 25 September 2026.

What about Gen H? Gen H is often named on 100% mortgage lists. It is an innovative lender for first-time buyers, but as of September 2026 its products start at a 5% deposit (including its part and part mortgage and New Build Boost). It does not offer a true no deposit mortgage.

How does the Skipton Track Record mortgage work?

The Skipton Track Record mortgage lends up to 100% to first-time buyers who can prove 12 months of rent paid on time, in a row, within the last 18 months. The logic is simple: if you have paid £1,000 a month in rent for a year, you can probably pay a mortgage of a similar size. Skipton’s intermediary criteria (checked September 2026) set these rules:

• Rent history: 12 consecutive months within the last 18, provable by one applicant or collectively for joint applications of up to four people.
• Payment cap: your monthly mortgage payment can be up to 150% of your average rent over the last six months.
• Income multiple: maximum 4.49 times income.
• Loan: up to £600,000, terms up to 40 years, mortgage ending by age 75.
• Credit: no missed payments on any credit in the last six months.
• Ownership: no applicant can have owned UK property in the last three years.
• Property: England, Scotland and Wales. New build houses are accepted, new build flats are not at 100%. In Scotland Skipton lends against the Home Report value, so any amount paid above it must come from you.
• Fees: no application or completion fee; standard valuation included under £1.5 million.

You also need 12 months of household bills paid. Rent paid in cash with no bank trail, or rent paid by a partner who is not on the application, is where most Track Record cases stall.

How do April Mortgages and Gable Mortgages 100% products differ?

April and Gable both lend 100% without a rental track record or family security; the difference is the fixed period and how much you can borrow. April Mortgages fixes your rate for 10 or 15 years, caps lending at 4.49 times income and requires a minimum household income of £24,000. At launch its rate started from around 5.99%, and the rate steps down automatically as your loan to value falls. There are no early repayment charges if you move home or repay from your own funds, and unlimited overpayments are allowed. The catch: no flats and no new builds, and the property price is capped at £600,000.

Gable Mortgages launched its 100% range in September 2026 with a 5-year fix at 6.60% on standard purchases (1% product fee including valuation) and 6.40% on selected Barratt Redrow new build developments with no product fee. Loans run from £125,000 to £1 million, minimum income is £27,780 (£25,000 for key workers), and applications are fully underwritten, including income and expenditure and a rate stress test.

In plain terms: April suits buyers who want payment certainty for a decade and are buying a house. Gable suits higher loans and some new builds, at a higher rate.

Who qualifies for a no deposit mortgage?

You qualify for a 100% mortgage if you meet four tests at once: clean recent credit, enough stable income for the loan at around 4.5 times salary, a lender-acceptable property, and, for Skipton, a provable rent record. Miss any one of the four and the answer is usually no at 100%, even if you would sail through at 95%.

• Credit: no missed payments in the last six months as a minimum. Defaults, CCJs or recent payday loans will almost always rule out 100% lending.
• Income: employed with passed probation is simplest. Self-employed applicants need two years of accounts or tax calculations; the income multiple cap of 4.49x on most 100% products applies to whatever figure the lender accepts.
• Debt: car finance, credit cards and loans reduce what you can borrow. At 100% there is no spare equity to absorb them.
• Property: houses are the safest bet. Flats are excluded by April and new build flats by Skipton. Non-standard construction, short leases and properties above shops are generally out.
• Age and term: most products need you to be 21 or over, with the mortgage ending by 75.

If you are unsure how your own file looks, a first-time buyer fact-find with a broker is quicker than applying and being declined, because every declined application leaves a hard search on your credit file.

How much can you borrow with no deposit? A worked example

With no deposit, the most you can borrow is usually 4.49 times your income, and the property price is capped at that loan because there is nothing to add on top. Here is an illustrative example using Skipton’s Track Record criteria.

The buyer: single applicant, salary £40,000, rent £950 a month paid on time for 3 years, no credit commitments, buying a house in Greater Manchester.

The same buyer on a 5% deposit mortgage would need £8,980 saved to buy the same £179,600 house, borrowing £170,620. At an illustrative 5.0% over 35 years that costs £861.10 a month, about £103 a month less, or roughly £6,200 over a 5-year fix. That gap is the real price of skipping the deposit, before you count the equity cushion covered below.

Rates in this example are illustrative, not offers. Your actual rate depends on the lender and product available when you apply.

How do 100% mortgage rates compare with 90% and 95%?

Expect to pay more at 100% than at 95%, and noticeably more than at 90%. The lender carries all the risk of a price fall, so it prices that in. Market averages from Moneyfacts give the benchmark, and the 100% products sit at or above the top of that range.

Moneyfacts reported the market-wide average five-year fix at around 5.9% in late September 2026, so rates have moved during the year. The headline rate also is not the full picture. April’s rate falls as you repay, Skipton charges no application fee, and Gable charges 1% on its standard product. On a £180,000 loan that 1% is £1,800. Compare the true cost over the fixed period, not the rate alone.

What is negative equity, and why does it matter more at 100%?

Negative equity means you owe more on your mortgage than your home is worth. With a 100% mortgage you start with zero equity, so any fall in prices, or even flat prices plus the cost of selling, puts you underwater straight away.

Using the example above: after 2 years of payments at 5.5%, the balance on £179,600 has only fallen to about £176,024, because early payments are mostly interest. If local prices drop 5% in that time, the house is worth £170,620 and you owe £5,400 more than it is worth. Even with flat prices, after 5 years the balance is still about £169,866, and selling costs of 2% to 3% eat most of the equity you have built.

Why this matters in practice:

• Moving is harder. You may need cash to clear the mortgage before you can sell.
• Remortgaging is harder. When your fix ends you may only qualify for your existing lender’s product transfer, not the best deal on the market.
• Relationship changes are harder. Buying someone out of a jointly owned home with no equity is expensive.

That is why April’s 10 to 15 year fixes and no early repayment charges when moving exist: they are designed to make negative equity survivable. If you might move within five years, a 100% mortgage is the wrong tool.

What are the family-backed and guarantor alternatives?

If you do not meet the 100% criteria on your own, a family member can lend their savings or property as security so you still put in no deposit. The three main structures work differently:

• Family savings as security: Barclays Family Springboard (10% of price locked for 5 years), Lloyds Lend a Hand (10% for 3 years) and Family Building Society (savings in a Family Security account). The helper gets the money back with interest if payments are kept up. If you fall into arrears, the savings can be used to cover losses.
• Family property as security: Family Building Society can take a collateral charge over a relative’s home instead of cash.
• Guarantor mortgages: a parent guarantees the repayments. Pure guarantor lending is rarer than it was, so read our guarantor mortgage guide before relying on one.
• Joint borrower sole proprietor: a parent’s income is added to the application but they are not on the deeds, which increases what you can borrow. See joint borrower sole proprietor mortgages.
• Gifted deposit: the simplest route. A parent gifts 5% or 10% and you take a normal 95% or 90% mortgage at a lower rate. See gifted deposit mortgages.

Every helper should take independent legal advice. Barclays makes it a condition.

Can Right to Buy or shared ownership replace a deposit?

Yes, both can remove or shrink the cash deposit, but they work differently from a 100% mortgage.

Right to Buy: council tenants in England with at least three years as a public sector tenant can buy their home at a discount, and many lenders accept the discount in place of a cash deposit. Since 21 November 2024 the maximum discount is capped by region: £16,000 in most of London, £22,000 in the North East, £26,000 in the North West and West Midlands, up to £38,000 in parts of the South East. If you sell within 5 years you usually repay some or all of the discount. See our Right to Buy mortgage guide.

Shared ownership: you buy a share of the home (from 10% on newer leases) and pay rent on the rest. The deposit is typically 5% of your share, not of the full value, so on a 25% share of a £240,000 home it is £3,000. See shared ownership mortgages.

Lifetime ISA: not a no deposit route, but the fastest way to build one. You can pay in up to £4,000 a year and the government adds a 25% bonus, up to £1,000 a year. You must open it before 40, it must be open 12 months before you use it for a first home, and the property must cost £450,000 or less, or you face a 25% withdrawal charge. The government has signalled reform of the Lifetime ISA, so check gov.uk before relying on the price cap. For how big a deposit you actually need, read how much deposit do you need for a house.

What costs do you still need cash for?

A no deposit mortgage covers the purchase price only. You still need cash for the costs of buying, typically £1,500 to £4,000 for a first-time buyer:

Why do no deposit mortgage applications get declined?

Most 100% declines come from five fixable problems. Spotting them before you apply is the difference between an offer and a hard search that makes the next application harder.

An illustrative Knox case

Illustrative case based on the type of enquiry we see; details anonymised and simplified.

A couple renting in Stockport came to us after a high street bank declined them at 95% because they had not saved the £9,500 deposit. Combined income £52,000, rent £1,050 a month for four years, one missed mobile phone payment eight months earlier. We checked the Track Record criteria: the missed payment sat outside the 6-month window, rent was paid from a joint account, and 4.49 times £52,000 gave a ceiling of £233,480. The house they wanted was a new build semi at £225,000, which Skipton accepts as a house. The illustrative payment at 5.5% over 35 years was about £1,208, inside the 150% rent cap of £1,575. Before submitting we had them take a Level 2 survey and budget £2,400 for legal costs from savings. The alternative we modelled, waiting 14 months to save 5%, would have cost them roughly £14,700 in further rent.

Is a no deposit mortgage a good idea?

A 100% mortgage is a good idea when your rent is already higher than the mortgage payment would be, you plan to stay at least five years, and saving a deposit is realistically years away. It is a poor idea if you might move soon, your job is insecure, or a parent could gift 5% and cut your rate.

Our view: the product is sound, the marketing around it is not. “No deposit” makes it sound like free money. It is a normal mortgage with no safety margin. Used by the right buyer, it stops rent draining the income that should be buying an asset. Used by the wrong one, it traps them in a home they cannot sell. The job of advice is to tell you which one you are before you apply.

Frequently asked questions

Is anyone doing 100% mortgages in 2026?

Yes. As of September 2026, Skipton (Track Record), April Mortgages (No Deposit) and Gable Mortgages offer 100% mortgages without family help. Barclays Family Springboard, Lloyds Lend a Hand and Family Building Society’s Family Mortgage offer 100% with a family member’s savings or property as security.

Can I buy a house in the UK with no deposit?

Yes, if you pass the lender’s credit, income and property criteria. Most 100% products cap borrowing at 4.49 times income and exclude flats. You still need cash for legal fees and a survey, typically £1,500 to £4,000.

Is there a government no deposit mortgage scheme?

No. The government does not run a 100% mortgage scheme. Right to Buy discounts can replace a deposit for council tenants, shared ownership lowers the deposit to 5% of your share, and the Lifetime ISA adds a 25% bonus to deposit savings.

Do I need to be a first-time buyer?

For Skipton’s Track Record mortgage, yes: no applicant can have owned UK property in the last three years. Gable, Barclays Family Springboard and Family Building Society also accept home movers.

Can I get a 100% mortgage on a flat or a new build?

Flats are hard. April excludes flats and all new builds, and Skipton excludes new build flats at 100%. Skipton accepts new build houses, and Gable lends 100% on selected Barratt Redrow developments.

Can I get a no deposit mortgage with bad credit?

Rarely. Skipton requires no missed payments in the last six months, and April requires strong recent credit. Defaults or CCJs usually mean you need a deposit and a specialist lender.

Can self-employed people get a 100% mortgage?

Potentially, if the lender accepts your income evidence, usually two years of accounts or SA302s. The 4.49 times income cap then applies to the income the lender uses, often an average of those years.

Are 100% mortgage rates much higher?

Typically yes. Launch rates on the 100% products above ranged from around 6% to 6.6% for standalone products, against a Moneyfacts 95% LTV five-year average of 5.92% in mid 2026. Family-backed products can be cheaper.

Talk it through before you apply

The fastest way to know whether a no deposit mortgage works for you is a short call where we check your credit, rent history and target property against each lender’s criteria. If 100% is the wrong route, we will tell you what is. Book a free discovery call below.

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Your home may be repossessed if you don’t keep up repayments on your mortgage.

Knox Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730