A 100% mortgage, sometimes called a no-deposit mortgage, zero deposit mortgage or 0% deposit mortgage, lets you borrow the entire value of the property you want to buy, without paying anything upfront towards the purchase price.
How It Works
Unlike traditional mortgages, where you usually need at least a 5% deposit, a 100 percent mortgage covers the full cost. These are often offered as guarantor mortgages or family deposit mortgages. This means you’ll need a family member or trusted friend to act as your guarantor, agreeing to step in and cover repayments if you’re unable to.
You’ll still need to budget for other costs, like legal fees, surveys, and stamp duty if applicable, but you won’t need to put down a lump sum to buy your home.
Who Offers 100% Mortgages in the UK?
While they’re not widely available on the high street, some lenders do still offer 100% LTV mortgages, usually through specialist deals or family-backed options. Working with an experienced mortgage broker, like Zing Mortgages, gives you access to a comprehensive range of the market, including deals that aren’t publicly advertised.
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A no-deposit mortgage can open the door to owning your first home sooner, but it’s important to weigh up whether it’s right for you. Our trusted Essex mortgage advisors will help you understand your options and decide if a 100% mortgage suits your financial situation and long-term goals.
If you’re struggling to save for a deposit but have a steady income, a 100 percent mortgage could be an option.
Typical Eligibility Criteria
Lenders will look closely at:
Because you’re borrowing the entire purchase price, lenders want to see that you can keep up with repayments comfortably, and that your guarantor has the means to step in if needed.
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Zing Mortgages helps:
Credit Score & Income Requirements
You don’t need perfect credit, but the stronger your credit score and income, the better your chances. If your credit history needs work, we’ll offer practical advice to help you strengthen your application.
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We believe in clear, honest advice. Here’s what you should know about no-deposit mortgages:
Benefits of No-Deposit Mortgages
Risks to Be Aware Of
Call us today 03332 414 113
Finding the right 100 percent mortgage on your own can be tough, but with Zing Mortgages, you’re not alone.
Expert, Friendly Guidance
Our friendly mortgage experts in Chelmsford and across the UK take the time to really get to know you. We’ll look at your finances, goals, and any obstacles, then recommend the most suitable mortgage options for your situation.
Access to Specialist Lenders
As part of HL Partnership, we have access to over 100 lenders and exclusive deals you won’t find directly. We’ll compare rates and find competitive options, even if your situation is unique.
Supporting You Through Every Step
We don’t just find you the right mortgage, we guide you from start to finish. We handle paperwork, chase up solicitors and estate agents, and keep you informed throughout. Most of our clients choose Zoom calls, but we also offer in-person advice.
Call us today 03332 414 113
Check If You Qualify Today
Talk to Zing Mortgages to find out if a 100% mortgage could work for you. We’ll check your eligibility, explain your options, and help you make an informed decision.
Speak to a Zing Mortgage Expert
Call us on 03332 414 113 to chat with one of our advisors or get your free quote today.
It’s possible to get a 100% mortgage with bad credit, but it can be more challenging. You’ll likely need a guarantor and may pay a higher interest rate. We’ll help you check your options.
Usually yes, most no-deposit mortgages are guarantor mortgages. This means a family member or friend agrees to cover repayments if you can’t.
If a 100% mortgage isn’t right for you, we’ll talk you through other low-deposit options, like 95% mortgages or shared ownership schemes. We’re here to help you get on the ladder in a way that works for you.
Zing Mortgages are your trusted mortgage brokers in Essex for 100 percent mortgages and more.
Enquire today and take your first step towards homeownership – no deposit required.
At Zing, we’re here to help you throughout your mortgage application. From your first enquiry through to completion - we’re here to make the whole process easier for you.
Efficient and Excellent Experience
1st time buyers and they made the whole process really easy from start to finish. Kept us up to date throughout and answered any questions we had strait away. Thank you Zing
Best choice we made
Gary was patient & understanding when dealing with our mortgage. Ellie was brilliant with weekly updates that increased to daily as we neared completion. Can't thank the team at Zing enough, would recommend to anyone.
Great service
Great service from start to finish. Lee was very knowledgable and got us the deal we where looking for. Was kept informed and he was always available, or called us back. Would highly recommend.
Excellent
Very nice service I will recommend it to my friends and if I need will use again. Very big thanks for Ian.
Good overall service
We have used zings services for a number of years now and have always been very happy with there services, although we had a bit of a slow start this time everything was completed well and would recommend them again for the future.
Would recommend
They chased the solicitors continuously for what was a long tome! They kept me up to date throughout which I really appreciated
