Compare Low Deposit Mortgages

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  • Chorley Building Society's logo'

    Chorley Building Society 2 Year Discounted Variable

    • Cashback Available
    • Initial Rate
      2.39% Discounted Variable (collared at 2.00%) for 2 years (2.85% disc)
    • APRC
      4.90%
    • Product Fee
      £599
    • Monthly Repayment
      £631.41
    Continue on Fluent Mortgages' website + More Info
  • Tipton & Coseley BS's logo'

    Tipton & Coseley BS 3 Year Fixed

    • Initial Rate
      2.99% Fixed to 30/09/2024
    • APRC
      4.40%
    • Product Fee
      £0
    • Monthly Repayment
      £675.01
    Continue on Fluent Mortgages' website + More Info
  • Mansfield BS's logo'

    Mansfield BS 3 Year Discounted Variable

    • Cashback Available
    • Initial Rate
      3.05% Discounted Variable for 3 years (2.30% disc)
    • APRC
      4.90%
    • Product Fee
      £199
    • Monthly Repayment
      £679.46
    Continue on Fluent Mortgages' website + More Info
  • Mansfield BS's logo'

    Mansfield BS 3 Year Discounted Variable

    • Cashback Available
    • Initial Rate
      3.05% Discounted Variable for 3 years (2.30% disc)
    • APRC
      4.90%
    • Product Fee
      £199
    • Monthly Repayment
      £679.46
    Continue on Fluent Mortgages' website + More Info
  • Click here to see 1 similar product
  • Loughborough BS's logo'

    Loughborough BS 2 Year Discounted Variable

    • Initial Rate
      3.10% Discounted Variable (collared at 2.00%) for 2 years (2.24% disc)
    • APRC
      5.00%
    • Product Fee
      £0
    • Monthly Repayment
      £683.19
    Continue on Fluent Mortgages' website + More Info
  • Leeds BS's logo'

    Leeds BS 2 Year Fixed

    • Initial Rate
      3.20% Fixed to 31/10/2023
    • APRC
      4.80%
    • Product Fee
      £999
    • Monthly Repayment
      £690.67
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 2 Year Fixed

    • Initial Rate
      3.25% Fixed to 30/09/2023
    • APRC
      4.30%
    • Product Fee
      £999
    • Monthly Repayment
      £694.43
    Continue on Fluent Mortgages' website + More Info
  • Loughborough BS's logo'

    Loughborough BS 2 Year Discounted Variable

    • Initial Rate
      3.25% Discounted Variable (collared at 1.75%) for 2 years (2.09% disc)
    • APRC
      5.10%
    • Product Fee
      £499
    • Monthly Repayment
      £694.43
    Continue on Fluent Mortgages' website + More Info
  • Earl Shilton BS's logo'

    Earl Shilton BS 5 Year Discounted Variable

    • Initial Rate
      3.29% Discounted Variable (collared at 2.50%) for 5 years (1.60% disc)
    • APRC
      4.40%
    • Product Fee
      £1,124
    • Monthly Repayment
      £697.44
    Continue on Fluent Mortgages' website + More Info
  • Marsden BS's logo'

    Marsden BS 3 Year Discounted Variable

    • Bad Credit
    • Initial Rate
      3.29% Discounted Variable to 30/09/2024 (2.41% disc)
    • APRC
      5.20%
    • Product Fee
      £0
    • Monthly Repayment
      £697.44
    Continue on Fluent Mortgages' website + More Info
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Cashback Available
    • Initial Rate
      3.35% Fixed for 2 years
    • APRC
      3.70%
    • Product Fee
      £999
    • Monthly Repayment
      £701.98
    Continue on Fluent Mortgages' website + More Info
  • Nationwide BS's logo'

    Nationwide BS 2 Year Fixed

    • Initial Rate
      3.35% Fixed for 2 years
    • APRC
      3.70%
    • Product Fee
      £999
    • Monthly Repayment
      £701.98
    Continue on Fluent Mortgages' website + More Info
  • Click here to see 1 similar product
  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Cashback Available
    • Initial Rate
      3.35% Fixed for 3 years
    • APRC
      3.60%
    • Product Fee
      £999
    • Monthly Repayment
      £701.98
    Continue on Fluent Mortgages' website + More Info
  • Nationwide BS's logo'

    Nationwide BS 3 Year Fixed

    • Initial Rate
      3.35% Fixed for 3 years
    • APRC
      3.60%
    • Product Fee
      £999
    • Monthly Repayment
      £701.98
    Continue on Fluent Mortgages' website + More Info
  • Click here to see 1 similar product
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Cashback Available
    • Initial Rate
      3.37% Fixed to 31/10/2023
    • APRC
      4.00%
    • Product Fee
      £995
    • Monthly Repayment
      £703.49
    Continue on Fluent Mortgages' website + More Info
  • Halifax's logo'

    Halifax 2 Year Fixed

    • Initial Rate
      3.38% Fixed to 30/11/2023
    • APRC
      3.70%
    • Product Fee
      £995
    • Monthly Repayment
      £704.25
    Continue on Halifax's website + More Info
  • Halifax's logo'

    Halifax 2 Year Fixed

    • Initial Rate
      3.38% Fixed to 30/11/2023
    • APRC
      3.70%
    • Product Fee
      £995
    • Monthly Repayment
      £704.25
    Continue on Halifax's website + More Info
  • Click here to see 1 similar product
  • Leeds BS's logo'

    Leeds BS 2 Year Fixed

    • Initial Rate
      3.38% Fixed to 31/10/2023
    • APRC
      4.80%
    • Product Fee
      £0
    • Monthly Repayment
      £704.25
    Continue on Fluent Mortgages' website + More Info
  • Virgin Money's logo'

    Virgin Money 3 Year Fixed

    • Cashback Available
    • Initial Rate
      3.38% Fixed to 01/12/2024
    • APRC
      4.10%
    • Product Fee
      £0
    • Monthly Repayment
      £704.25
    Continue on Fluent Mortgages' website + More Info
  • Virgin Money's logo'

    Virgin Money 3 Year Fixed

    • Cashback Available
    • Initial Rate
      3.38% Fixed to 01/12/2024
    • APRC
      4.10%
    • Product Fee
      £0
    • Monthly Repayment
      £704.25
    Continue on Fluent Mortgages' website + More Info
  • Virgin Money's logo'

    Virgin Money 3 Year Fixed

    • Initial Rate
      3.38% Fixed to 01/12/2024
    • APRC
      4.10%
    • Product Fee
      £0
    • Monthly Repayment
      £704.25
    Continue on Fluent Mortgages' website + More Info
  • Virgin Money's logo'

    Virgin Money 2 Year Fixed

    • Cashback Available
    • Initial Rate
      3.38% Fixed to 01/12/2023
    • APRC
      4.10%
    • Product Fee
      £0
    • Monthly Repayment
      £704.25
    Continue on Fluent Mortgages' website + More Info
  • Virgin Money's logo'

    Virgin Money 2 Year Fixed

    • Cashback Available
    • Initial Rate
      3.38% Fixed to 01/12/2023
    • APRC
      4.10%
    • Product Fee
      £0
    • Monthly Repayment
      £704.25
    Continue on Fluent Mortgages' website + More Info
  • Click here to see 4 similar products

Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

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Last updated on 09 November 2020.

Low Deposit Mortgages FAQ

What counts as a low deposit mortgage?

A low deposit mortgage is one which only requires a 5% deposit - in other words you'll only need to stump up 5% of the overall cost of the property.

What is an LTV?

LTV stands for Loan To Value and denotes the ratio of how much you need to borrow compared to the cost of the property. So, for example, if you're buying a property for £150,000 and you have a deposit of £30,000 you only need to borrow £120,000. £120,000 is 80% of £150,000 which means you need an 80% LTV mortgage.

Will I pay a higher rate if I have a small deposit?

Unfortunately, if you have a smaller deposit you are likely to pay a higher rate for your mortgage. Mortgage lenders price for risk and if you have a smaller deposit, you're deemed a higher risk.

What fees will I pay for a low deposit mortgage?

Along with the standard mortgage fees including a booking fee, arrangement fee, valuation fee and legal fees, if you have a low deposit mortgage you may also have to pay what is known as a Higher Lending Charge (HLC). As a high LTV borrower, you're deemed a riskier bet for lenders and the HLC is intended to cover this risk. It is usually a percentage of the mortgage.

What criteria will I have to meet to get a low deposit mortgage?

Your mortgage lender will want to know you can afford the monthly repayments so along with an affordability assessment, looking at your income and outgoings, it'll want you to have a good credit score, no recent arrears or CCJs and be within its age criteria. Lenders tend to have a maximum age limit of between 70 and 85. This is the age at which the mortgage must be paid off.

Can I get a mortgage with no deposit at all?

Yes you can. 100% LTV mortgages have made a return to the market in recent years and there are now a number available. However, most 100% mortgages require you to have a guarantor - essentially someone who will agree to pay your monthly repayments if you can't. You can compare 100% LTV mortgages using NerdWallet's free comparison tool.

How can the government help?

There are a number of government schemes on offer to help you buy a home including Help to Buy, Right to Buy, Shared Ownership schemes and Shared Equity schemes.

How can I compare low deposit mortgages?

Be sure to look at more than just the rate. Mortgage fees - particularly percentage-based arrangement fees - can turn a relatively cheap mortgage into a very expensive choice. NerdWallet's comprehensive comparison tables allow you to sort low deposit mortgages by overall cost so you can work out the most cost-effective solution for you.