| By Chandraketu Tripathi | Updated April 2026 | ||||||||||||||||||||||||||||
| No deposit mortgages — sometimes called 100% mortgages — are one of the most searched-for mortgage products in the UK. They exist, but options are extremely limited in 2026. This guide covers what is actually available, how each option works, and whether any of them are right for your situation. | ||||||||||||||||||||||||||||
Our Verdict True 100% mortgages are very rare in the UK in 2026. Skipton Building Society's Track Record mortgage is the main product available, specifically for renters with a strong payment history. Guarantor mortgages offer another route. For most first-time buyers, a 5% deposit mortgage under the Mortgage Guarantee Scheme is the most accessible low-deposit option. N/A / 5 | ||||||||||||||||||||||||||||
No Deposit Mortgage Options UK 2026 | ||||||||||||||||||||||||||||
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Skipton Building Society Track Record Mortgage | ||||||||||||||||||||||||||||
| Skipton Building Society's Track Record mortgage is the UK's main true 100% LTV mortgage product in 2026. It is designed for renters who can demonstrate a strong history of meeting rental payments. Key requirements include a minimum of 12 months of consistent rental payments, the property must be a new purchase (not existing property), and applicants must not have owned a property before. Rates are higher than standard mortgages but give genuine access to 100% LTV. | ||||||||||||||||||||||||||||
Guarantor Mortgages: How They Work | ||||||||||||||||||||||||||||
| A guarantor (typically a parent or close family member) agrees to cover the mortgage repayments if you default. Their own property or savings act as additional security. This reduces the lender's risk and allows higher LTV borrowing — sometimes 100% of the purchase price. Key risks for the guarantor: if you default, they are legally liable. If their property is used as security, it could be at risk. | ||||||||||||||||||||||||||||
Government Schemes for First-Time Buyers UK 2026 | ||||||||||||||||||||||||||||
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| 💡 5% deposit is more realistic than 0%: For most first-time buyers, a 5% deposit mortgage under the Mortgage Guarantee Scheme from lenders including Barclays, HSBC, NatWest, Lloyds, and Nationwide offers the best balance of accessibility and cost. Saving even a small deposit opens up significantly more lender options and better rates than a 0% product. | ||||||||||||||||||||||||||||
Risks of No Deposit Mortgages | ||||||||||||||||||||||||||||
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Frequently Asked QuestionsCan you get a 100% mortgage in the UK in 2026? Yes, but options are very limited. Skipton Building Society's Track Record mortgage offers 100% LTV for renters who can demonstrate consistent rental payment history. Guarantor mortgages also effectively allow 100% borrowing if a family member secures the loan against their own property. Standard 100% mortgages from high street lenders do not exist in 2026. What is a guarantor mortgage? A guarantor mortgage allows a family member (usually a parent) to guarantee the mortgage using their own property or savings as security. This allows the borrower to access higher LTVs — sometimes 100% — than they could on their own. The guarantor is liable for repayments if the borrower defaults. Is the UK Government's Help to Buy scheme still running? The Help to Buy equity loan scheme in England closed to new applicants in March 2023. However, the Help to Buy: ISA scheme remains open for existing holders to save and claim bonuses. Some Scottish and Welsh Government schemes remain available — check gov.uk for current local schemes. What is the minimum deposit for a mortgage UK 2026? The mainstream minimum deposit for a UK mortgage is 5% (giving a 95% LTV mortgage). Some lenders offer 5% deposit mortgages under the Mortgage Guarantee Scheme. The 100% Track Record mortgage from Skipton BS is an exception for qualifying renters. Are there government schemes for first-time buyers UK 2026? Yes. Current schemes include: the Mortgage Guarantee Scheme (5% deposit mortgages), Shared Ownership, First Homes, and various regional schemes in Scotland and Wales. The government announced it was examining a new Help to Buy scheme in 2025 but nothing had launched as of April 2026. | ||||||||||||||||||||||||||||
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| Disclaimer: This article is for informational purposes only and does not constitute financial or mortgage advice. Always seek independent regulated advice before taking out a mortgage or insurance product. Your home may be repossessed if you do not keep up repayments on a mortgage. Sources: Uswitch, MoneySuperMarket, Moneyfacts, LifeSearch, Reassured, John Charcol, Vitality, Drewberry, FCA, Bank of England, SPF Private Clients, Mortgage Introducer. April 2026. |
No Deposit Mortgage UK 2026: 100% Mortgages Explained
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