🏡 No or little Deposit? No Problem: 5 Mortgage Options Helping Buyers Get on the Ladder in 2025

Saving for a deposit remains one of the biggest hurdles for aspiring homeowners in the UK. But in 2025, several lenders and government-backed schemes are stepping up to help buyers (especially first-timers) secure a mortgage with little or no deposit. Here’s a breakdown of five standout options available right now:

1. Skipton’s 100% Track Record Mortgage

Skipton Building Society offers a 100% mortgage for renters with a solid payment history.

Key Features:

• No deposit required

• Designed for first-time buyers

• Must be aged 21 or over

• Proof of 12 months of on-time rent payments required

• No guarantor needed

• Mortgage repayments capped at 120% of average rental payments
  

This product is ideal for renters who have consistently paid their rent on time but haven't been able to save for a deposit. 

2. April Mortgages’ 100% LTV Product

April Mortgages has launched a no-deposit mortgage aimed at first-time buyers and home movers

Key Features:

• No deposit required

• Fixed interest rates for 10 or 15 years

• Available to households earning at least £24,000

• Borrow up to 4.49 times your income

• No guarantor or parental support needed

• Automatic rate reductions as loan-to-value improves
  

This product is designed for those who can afford monthly payments but struggle to save for a deposit.

3. Vida Homeloans’ “3 & Easy” 97% Mortgage

Vida Homeloans offers a 97% loan-to-value mortgage, requiring just a 3% deposit.

Key Features:

• Only a 3% deposit required

• Flexible criteria, accommodating self-employed individuals, those with complex income, or adverse credit histories

• Loan terms up to 45 years

• Designed for first-time buyers and long-term renters
  

This product is suitable for buyers with non-traditional income sources or credit histories. 

4. Accord Mortgages’ £5k Deposit Mortgage

Accord Mortgages offers a product that allows first-time buyers to purchase a home with just a £5,000 deposit.

Key Features:

• Minimum deposit of £5,000

• Up to 99% loan-to-value

• Available for properties priced between £100,001 and £500,000

• Maximum loan term of 40 years

• includes flats
  

This product is designed to help first-time buyers with limited savings enter the property market.

5. Scotland’s LIFT Scheme (Low-cost Initiative for First Time Buyers)

The Scottish Government's LIFT scheme assists first-time buyers and priority groups in purchasing a home through shared equity.

Key Features:

• Government provides up to 40% of the home's purchase price

• Buyers contribute between 60% and 90% of the property cost

• Available for both new-build and existing homes

• Eligibility includes first-time buyers, social renters, disabled individuals, and armed forces personnel.
  

This scheme is particularly beneficial for those in Scotland looking to buy a home with government assistance.

🧠 Final Thoughts

These innovative mortgage products and schemes are opening doors for many who previously found homeownership out of reach due to deposit constraints. However, it's essential to consider the long-term implications, such as interest rates and potential negative equity. Consulting with a mortgage advisor can provide personalised guidance tailored to your financial situation. Reach out to discuss further: Email: Thomasmaben@mabenmortgages.com Call: 07712337518

Visit: www.mabenmortgages.com

YOUR HOME MAY BE REPOSSESSED IF YOU ARE UNABLE TO KEEP UP WITH MORTGAGE REPAYMENTS