A 100% Mortgage – Helping you step onto the property ladder without a deposit

For many, saving for a deposit is the single biggest hurdle to homeownership. If that sounds familiar, a new mortgage option may offer a solution.

April Mortgages has launched a 100% Loan-to-Value (LTV) mortgage – allowing eligible buyers to purchase a property without needing to put down a deposit. But this isn’t a return to risky lending. This product has been carefully designed with long-term stability and responsible lending in mind.

How it works

This mortgage is targeted at financially stable buyers who can comfortably afford their monthly repayments, but who haven’t yet managed to save a deposit.

Here's what makes it different:

Long-term fixed rates: Choose between a 10 or 15-year fixed rate, giving you certainty over your repayments and protection from interest rate fluctuations over a significant period.

Automatic rate reductions: As you repay the mortgage and reduce the loan-to-value ratio, your interest rate will automatically reduce – rewarding you for paying down your balance.

Sensibly capped borrowing: Loan-to-Income is capped at 4.49x to help prevent borrowers from overstretching financially.

Overpayment flexibility: You can make overpayments at any time from your own funds, with no penalties – helping you reduce your balance faster if your circumstances allow.

Eligibility

Property requirements: The property must be worth over £75,000 and must be a house. Flats and new builds are not accepted.

Age and residency: The buyer must be a UK resident purchasing their main home. They should be under 70 years old and no older than 80 when the mortgage ends.

Strict affordability & credit checks: This mortgage is only available to those who meet robust lending criteria. Lenders will assess income stability, recent credit history, and overall financial resilience before approval.

What you still need to budget for

While no deposit is required, you’ll still need funds for other upfront costs. This includes legal fees, Stamp Duty Land Tax (where applicable), valuation and application fees and removal and moving costs.

It’s important to ensure you can comfortably cover these expenses before committing.

Are there any risks?

There are always things to consider with any mortgage. A 100 per cent mortgage increases the risk of negative equity if house prices fall—meaning you could owe more than your property’s value, making it harder to sell, move or remortgage later.

April Mortgages is fully regulated by the Financial Conduct Authority (FCA), and their lending decisions are based on strict rules to ensure the mortgage is suitable and affordable both now and in the long term.

Is this mortgage right for you?

This product won’t suit everyone – and it's not intended to. But if you have a solid income and credit profile and you’re ready to take the next step towards owning your home, it could be a viable option.

If you’d like to explore whether you’re eligible, or whether this mortgage could be right for you, I’d be happy to help. Get in touch to book a free initial conversation.

Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.

There may be a fee for mortgage advice. The precise amount will depend on your circumstances, but we estimate it will be £575.

Source: April Mortgages (2025) No Deposit: https://aprilmortgages.co.uk/consumer/no-deposit/ [Accessed 28/05/2025].