100% Mortgages

  • With a Loan to Value (LTV) that covers the entire purchase price of the property, 100% mortgages are ideal for people with no money for a deposit.
  • Most products at 100% are only available to customers with additional security from a guarantor.
  • You can compare the latest rates and other vital information on 100% mortgages in the table below.

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Whether you are a first time buyer or looking to remortgage, HSBC offers a range of mortgages that are designed to assist our customers.
Lines open 8am - 10pm everyday. Calls may be monitored and recorded. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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The following results are based on a loan to value (LTV) of 100%
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  • Aldermore 5.18% Fixed for 2 years
  • Mortgage Type
    fixed
  • Initial Rate
    5.18%
    Fixed for 2 years
  • APRC
    5.70%
  • Monthly Payment
    £892.69
  • Max LTV
    100%
  • Fees
    £1,668
  • See deal + Product Details
    • Lender:
      Aldermore
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      Varies
    • Product Description:
      5.18% Fixed for 2 years
    • Incentives:
      No Higher Lending Charge (HLC)
    • Initial Monthly Repayment:
      £892.69 x 24
    • Ongoing Monthly Payments:
      £917.70 x 276
    • Total Amount Payable:
      £276,967.80
    • Total Interest Payable:
      £124,709.80
    • Product Fee:
      £1,298
    • Valuation Fee:
      £370
    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 2 yrs: 3/2.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 24 months at 5.18% and then reverting to our variable rate of 5.48% variable for remaining term. 24 monthly payments of £892.69 and 276 monthly payments of £917.70. The total amount payable would be £276,517.80 made up of the loan amount plus interest £124,709.80 and a product fee £1,298 and valuation fee £370. The overall cost for comparison is 5.70% APRC representative.

  • Aldermore 5.18% Fixed for 2 years
  • Mortgage Type
    fixed
  • Initial Rate
    5.18%
    Fixed for 2 years
  • APRC
    5.70%
  • Monthly Payment
    £892.69
  • Max LTV
    100%
  • Fees
    £1,668
  • See deal + Product Details
    • Lender:
      Aldermore
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      Varies
    • Product Description:
      5.18% Fixed for 2 years
    • Incentives:
      No Higher Lending Charge (HLC)
    • Initial Monthly Repayment:
      £892.69 x 24
    • Ongoing Monthly Payments:
      £917.70 x 276
    • Total Amount Payable:
      £276,967.80
    • Total Interest Payable:
      £124,709.80
    • Product Fee:
      £1,298
    • Valuation Fee:
      £370
    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 2 yrs: 3/2.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 24 months at 5.18% and then reverting to our variable rate of 5.48% variable for remaining term. 24 monthly payments of £892.69 and 276 monthly payments of £917.70. The total amount payable would be £276,517.80 made up of the loan amount plus interest £124,709.80 and a product fee £1,298 and valuation fee £370. The overall cost for comparison is 5.70% APRC representative.

  • Aldermore 5.18% Fixed for 3 years
  • Mortgage Type
    fixed
  • Initial Rate
    5.18%
    Fixed for 3 years
  • APRC
    5.70%
  • Monthly Payment
    £892.69
  • Max LTV
    100%
  • Fees
    £1,668
  • See deal + Product Details
    • Lender:
      Aldermore
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      Varies
    • Product Description:
      5.18% Fixed for 3 years
    • Incentives:
      No Higher Lending Charge (HLC)
    • Initial Monthly Repayment:
      £892.69 x 36
    • Ongoing Monthly Payments:
      £916.86 x 264
    • Total Amount Payable:
      £276,445.90
    • Total Interest Payable:
      £124,187.90
    • Product Fee:
      £1,298
    • Valuation Fee:
      £370
    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 3 yrs: 4/3.5/3% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 36 months at 5.18% and then reverting to our variable rate of 5.48% variable for remaining term. 36 monthly payments of £892.69 and 264 monthly payments of £916.86. The total amount payable would be £275,995.90 made up of the loan amount plus interest £124,187.90 and a product fee £1,298 and valuation fee £370. The overall cost for comparison is 5.70% APRC representative.

  • Aldermore 5.18% Fixed for 3 years
  • Mortgage Type
    fixed
  • Initial Rate
    5.18%
    Fixed for 3 years
  • APRC
    5.70%
  • Monthly Payment
    £892.69
  • Max LTV
    100%
  • Fees
    £1,668
  • See deal + Product Details
    • Lender:
      Aldermore
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      Varies
    • Product Description:
      5.18% Fixed for 3 years
    • Incentives:
      No Higher Lending Charge (HLC)
    • Initial Monthly Repayment:
      £892.69 x 36
    • Ongoing Monthly Payments:
      £916.86 x 264
    • Total Amount Payable:
      £276,445.90
    • Total Interest Payable:
      £124,187.90
    • Product Fee:
      £1,298
    • Valuation Fee:
      £370
    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 3 yrs: 4/3.5/3% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 36 months at 5.18% and then reverting to our variable rate of 5.48% variable for remaining term. 36 monthly payments of £892.69 and 264 monthly payments of £916.86. The total amount payable would be £275,995.90 made up of the loan amount plus interest £124,187.90 and a product fee £1,298 and valuation fee £370. The overall cost for comparison is 5.70% APRC representative.

  • Aldermore 5.28% Fixed for 5 years
  • Mortgage Type
    fixed
  • Initial Rate
    5.28%
    Fixed for 5 years
  • APRC
    5.70%
  • Monthly Payment
    £901.53
  • Max LTV
    100%
  • Fees
    £1,668
  • See deal + Product Details
    • Lender:
      Aldermore
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      Varies
    • Product Description:
      5.28% Fixed for 5 years
    • Incentives:
      No Higher Lending Charge (HLC)
    • Initial Monthly Repayment:
      £901.53 x 60
    • Ongoing Monthly Payments:
      £916.52 x 240
    • Total Amount Payable:
      £276,314.60
    • Total Interest Payable:
      £124,056.60
    • Product Fee:
      £1,298
    • Valuation Fee:
      £370
    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 5 yrs: 5/4.5/4/3.5/3% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 60 months at 5.28% and then reverting to our variable rate of 5.48% variable for remaining term. 60 monthly payments of £901.53 and 240 monthly payments of £916.52. The total amount payable would be £275,864.60 made up of the loan amount plus interest £124,056.60 and a product fee £1,298 and valuation fee £370. The overall cost for comparison is 5.70% APRC representative.

  • Aldermore 5.28% Fixed for 5 years
  • Mortgage Type
    fixed
  • Initial Rate
    5.28%
    Fixed for 5 years
  • APRC
    5.70%
  • Monthly Payment
    £901.53
  • Max LTV
    100%
  • Fees
    £1,668
  • See deal + Product Details
    • Lender:
      Aldermore
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,000
    • Max Loan:
      Varies
    • Product Description:
      5.28% Fixed for 5 years
    • Incentives:
      No Higher Lending Charge (HLC)
    • Initial Monthly Repayment:
      £901.53 x 60
    • Ongoing Monthly Payments:
      £916.52 x 240
    • Total Amount Payable:
      £276,314.60
    • Total Interest Payable:
      £124,056.60
    • Product Fee:
      £1,298
    • Valuation Fee:
      £370
    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 5 yrs: 5/4.5/4/3.5/3% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 60 months at 5.28% and then reverting to our variable rate of 5.48% variable for remaining term. 60 monthly payments of £901.53 and 240 monthly payments of £916.52. The total amount payable would be £275,864.60 made up of the loan amount plus interest £124,056.60 and a product fee £1,298 and valuation fee £370. The overall cost for comparison is 5.70% APRC representative.

  • Barclays Mortgage 2.99% Fixed to 31/10/2020
  • Mortgage Type
    fixed
  • Initial Rate
    2.99%
    Fixed to 31/10/2020
  • APRC
    2.90%
  • Monthly Payment
    £710.54
  • Max LTV
    100%
  • Fees
    No Fees
  • + Product Details
    • Lender:
      Barclays Mortgage
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £5,000
    • Max Loan:
      £500,000
    • Product Description:
      2.99% Fixed to 31/10/2020
    • Incentives:
      Free valuation fees for properties valued Max £2M
      No arrangement fees
      No Higher Lending Charge (HLC)
    • Website:
    • Initial Monthly Repayment:
      £710.54 x 41
    • Ongoing Monthly Payments:
      £693.50 x 259
    • Total Amount Payable:
      £209,328.60
    • Total Interest Payable:
      £58,748.64
    • Product Fee:
      £0
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £80
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/10/20: 3% Sum Repaid
    Get advice about the UK mortgage market from MCB Financial Services
    • Clear advice on the right mortgage for you
    • We’ll compare 1,000s of mortgage deals so you don’t have to
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Arrange a callback
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 41 months at 2.99% and then reverting to our variable rate of 2.74% tracker for remaining term. 41 monthly payments of £710.54 and 259 monthly payments of £693.50. The total amount payable would be £208,878.60 made up of the loan amount plus interest £58,748.64 and a product fee £0 and valuation fee £0. The overall cost for comparison is 2.90% APRC representative.

  • Tipton & Coseley BS 2.99% Discounted Variable (collared at ) (1.75% disc)
  • Mortgage Type
    variable
  • Initial Rate
    2.99%
    Discounted Variable (collared at ) (1.75% disc)
  • APRC
    3.10%
  • Monthly Payment
    £710.54
  • Max LTV
    100%
  • Fees
    £1,224
  • + Product Details
    • Lender:
      Tipton & Coseley BS
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £75,000
    • Max Loan:
      £250,000
    • Product Description:
      2.99% Discounted Variable (collared at 2.99%) (1.75% disc)
    • Incentives:
      No Higher Lending Charge (HLC)
    • Website:
    • Initial Monthly Repayment:
      £710.54 x 300
    • Ongoing Monthly Payments:
      £710.54 x 300
    • Total Amount Payable:
      £215,011
    • Total Interest Payable:
      £63,162
    • Product Fee:
      £999
    • Valuation Fee:
      £225
    • Exit Admin Fee:
      £125
    • Early Repayment Charge:
      No
    Get advice about the UK mortgage market from MCB Financial Services
    • Clear advice on the right mortgage for you
    • We’ll compare 1,000s of mortgage deals so you don’t have to
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Arrange a callback
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
  • Representative example: A mortgage of £150,000 payable over 25 years initially at 2.99%. 300 monthly payments of £710.54. The total amount payable would be £214,561 made up of the loan amount plus interest £63,162 and a product fee £999 and valuation fee £225. The overall cost for comparison is 3.10% APRC representative.

  • Bath BS 3.04% Discounted Variable for 3 years (2.00% disc)
  • Mortgage Type
    variable
  • Initial Rate
    3.04%
    Discounted Variable for 3 years (2.00% disc)
  • APRC
    4.70%
  • Monthly Payment
    £714.44
  • Max LTV
    100%
  • Fees
    £1,020
  • + Product Details
    • Lender:
      Bath BS
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £50,000
    • Max Loan:
      £350,000
    • Product Description:
      3.04% Discounted Variable for 3 years (2.00% disc)
    • Incentives:
      No Higher Lending Charge (HLC)
    • Website:
    • Initial Monthly Repayment:
      £714.44 x 36
    • Ongoing Monthly Payments:
      £714.44 x 36
    • Total Amount Payable:
      £255,039.70
    • Total Interest Payable:
      £103,369.70
    • Product Fee:
      £800
    • Valuation Fee:
      £220
    • Exit Admin Fee:
      £150
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 3 yrs: 3/3/2% Sum Repaid
    Get advice about the UK mortgage market from MCB Financial Services
    • Clear advice on the right mortgage for you
    • We’ll compare 1,000s of mortgage deals so you don’t have to
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Arrange a callback
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
  • Representative example: A mortgage of £150,000 payable over 25 years initially at 3.04%. 36 monthly payments of £714.44. The total amount payable would be £254,589.70 made up of the loan amount plus interest £103,369.70 and a product fee £800 and valuation fee £220. The overall cost for comparison is 4.70% APRC representative.

  • Vernon BS 3.15% Discounted Variable for 4 years (1.55% disc)
  • Mortgage Type
    variable
  • Initial Rate
    3.15%
    Discounted Variable for 4 years (1.55% disc)
  • APRC
    4.30%
  • Monthly Payment
    £723.07
  • Max LTV
    100%
  • Fees
    £199
  • + Product Details
    • Lender:
      Vernon BS
    • Max First Time Buyer LTV:
      100%
    • Max House Purchase LTV:
      100%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,100
    • Max Loan:
      £300,000
    • Product Description:
      3.15% Discounted Variable for 4 years (1.55% disc)
    • Incentives:
      Refund valuation fees
      £200 towards legal fees
      No Higher Lending Charge (HLC)
    • Website:
    • Initial Monthly Repayment:
      £723.07 x 48
    • Ongoing Monthly Payments:
      £723.07 x 48
    • Total Amount Payable:
      £245,141.30
    • Total Interest Payable:
      £94,487.28
    • Product Fee:
      £199
    • Valuation Fee:
      Free
    • Exit Admin Fee:
      £155
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      1st 4 yrs: 3% Sum Repaid
    Get advice about the UK mortgage market from MCB Financial Services
    • Clear advice on the right mortgage for you
    • We’ll compare 1,000s of mortgage deals so you don’t have to
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Arrange a callback
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
  • Representative example: A mortgage of £150,000 payable over 25 years initially at 3.15%. 48 monthly payments of £723.07. The total amount payable would be £244,891.30 made up of the loan amount plus interest £94,487.28 and a product fee £199 and valuation fee £0. The overall cost for comparison is 4.30% APRC representative.

The above results are based on a repayment mortgage of £150,000, on a property value of £150,000, over a term of 25 years. This is a loan to value (LTV) of 100% Our mortgage comparison service includes providers from whom we may receive commission. This table initially lists featured products. The mortgage data above was supplied by Moneyfacts Ltd and was last updated 11:30, 26/05/2017.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.
The above results are based on a repayment mortgage of £150,000, on a property value of £150,000, over a term of 25 years. This is a loan to value (LTV) of 100% Our mortgage comparison service includes providers from whom we may receive commission. This table initially lists featured products. The mortgage data above was supplied by Moneyfacts Ltd and was last updated 11:30, 01:34 27/05/2017.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.
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More about 100% mortgages

A 100% Loan to Value (LTV) mortgage covers the entire purchase price of your new home. In other words, this means that you don't need to supply any deposit. 100% LTV mortgages are ideal for those with limited savings, but they're not always easy to access.

100% LTV Mortgages FAQs

What does LTV mean?

LTV means loan-to-value. It's a term used to describe the amount of the loan you're hoping to receive in relation to the value of the property you intend to purchase. LTV is a percentage figure that represents the percentage of the property that's mortgaged, against the percentage that is already a part of your equity. A mortgage of 100% LTV will mean that you have a loan that equals 100% of your property value. Essentially, when you first buy your home, you will have no equity in it and the entire property will be mortgaged.

Who can access 100% LTV mortgages?

100% LTV mortgages require the lender to take on substantial risk, which means they need some form of security in place in case you are unable to make repayments. Lenders will often only make 100% LTV mortgages available to those with guarantors who can offer additional security. In certain cases, 100% LTV mortgages can be obtained by people who already have a mortgage with a specific lender, and are able to place the equity in their existing home up as a security.

What is a guarantor?

A guarantor is often essential for a 100% LTV mortgage. Guarantors are people who can agree to back up your loan, and will be willing to step in and make payments if you cannot. Guarantors need to be aged between 18 and 75, and they must have a good credit history.

What are the benefits of 100% LTV mortgages?

The most obvious benefit of a 100% LTV mortgage is that it allows would-be homeowners to purchase property without having to save for a deposit. In the case of 100% LTV mortgages that require the use of a guarantor, these solutions can also provide alternatives to gifted deposits for family members that want to assist their loved ones in getting onto the property ladder.

What are the risks of 100% LTV mortgages?

The biggest risk with taking out a 100% LTV mortgage is the potential for house prices to fall. If the value of your home decreases, this could force you into negative equity, meaning that you owe your lender more than your property is worth. Being in negative equity can make it very difficult for homeowners to remortgage or move to a new house, leaving you tied into repayments on a property that is falling in value.

Is my credit record important for 100% LTV mortgages?

For a 100% LTV mortgage your credit record will be important as it shows that you can keep up with repayments on your loan. However, the credit history of your guarantor may be even more important to some lenders.

Can I get a 100% LTV buy to let mortgage?

No, a buy to let mortgage will always require a deposit. Most lenders will request a deposit of at least 20% on a property that will not be used as your primary residence.

Are there low-deposit alternatives to 100% LTV mortgages?

Considering the risks associated with 100% LTV mortgages, it may be useful to consider alternatives. For instance, you might look at buyer schemes offered by the government, such as shared ownership or Help to Buy, which can reduce the amount you need to offer in deposit. With these schemes, you will still need to raise some deposit, but the amount required can be as low as 5% for first-time buyers.

Alternatively, you could consider asking your family to help you approach the housing ladder with a gifted deposit, which is where one of your family members simply gives you the money you need. Some lenders will have limits on the amount of deposit that can be gifted, and your benefactor might be asked to sign a declaration stating that the gifted money does not need to be repaid.