100% Mortgages in 2026: No-Deposit Buying
Horizon HQ Insights · Hampshire
If you caught our prvious article, you’ll know that the “no deposit” mortgage is officially back. But what does that actually look like in the real world? It isn’t just one mythical product; there are a few different paths depending on your situation.
1. The Renters’ Shortcut (Skipton & Hanley)
If you’ve been paying your landlord on time for years, lenders like Skipton and The Hanley think that’s better proof of reliability than a savings account.
- The Vibe
You use your rent history as your “deposit.” - Top Tip
Skipton even has a “delayed start” feature now – perfect if you need a few months to buy furniture before the mortgage payments kick in.
2. The “Family Bridge” (Barclays, Lloyds, Halifax)
This is for those who have supportive family but don’t want to “borrow” their cash forever.
- The Vibe
A family member puts 10% into a locked savings account. You borrow the full 100%. - The Win
They get their money back (plus interest!) after a few years, and you get your home today.
3. The Boutique Approach (Melton)
Lenders like Melton don’t just let a computer say “no.” They use manual underwriting, which means a real human looks at your career and your finances to see if the loan makes sense for you.
Let’s Crunch the Numbers: A Hampshire Example
Imagine you’ve found a great flat in Fleet for £200,000.
| Scenario | No Deposit (100% LTV) | With 10% Deposit |
|---|---|---|
| Upfront Cash Needed | £0 | £20,000 |
| Interest Rate (Est.) | 5.8% | 4.9% |
| Monthly Payment | £1,264 | £1,042 |
The Reality
You’ll pay roughly £222 more per month for the privilege of not having that £20k saved up. For many, that’s a price worth paying to stop “wasting” money on rent and start building equity.
Is it right for you?
Let’s be honest here. There is no such thing as a “perfect” mortgage. Only the one that fits your life.
While interest rates are slightly higher and you have to be mindful of house price dips (negative equity), for many Hampshire first-time buyers, this is the only way to break the rental cycle.
Are you looking to go solo, or are you planning to buy with a partner?
Chat with Steve
Everyone’s Horizon looks different. If you want to know which of these products is better suited to your salary and your goals, let’s have a look at the numbers together.
Thinking about your next move?
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