- 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.
What are you looking to do?
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our mortgage comparison service lists products from featured lenders with whom we have a direct commercial arrangement with. The mortgage data above was supplied by Moneyfacts Ltd 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.
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.
- Accord Mortgages
- Airdrie Savings Bank Mortgages
- Allied Irish Bank (UK) Mortgages
- Bank of China (UK) Ltd Mortgages
- Bank of Ireland (NI) Mortgages
- Barclays mortgages
- Bath Investment & Building Society Mortgages
- Beverley Building Society Mortgages
- BM Solutions Mortgages
- Buckinghamshire Building Society Mortgages
- Cambridge Building Society Mortgages
- Chelsea Building Society Mortgages
- Chorley & District Building Society Mortgages
- Cumberland Building Society Mortgages
- Danske Bank Mortgages
- Darlington Building Society Mortgages
- Earl Shilton Mortgages
- Ecology Building Society Mortgages
- Family Building Society Mortgages
- First Trust Bank (NI) Mortgages
- Fleet Mortgages
- Foundation Home Loan Mortgages
- Furness Building Society Mortgages
- Godiva Mortgages
- Halifax mortgages
- Hanley Economic Building Society Mortgages
- Hinckley & Rugby Building Society Mortgages
- Holmesdale Building Society Mortgages
- Investec Private Bank Mortgages
- Ipswich Building Society Mortgages
- Kensington Mortgages
- Kent Reliance Mortgages
- Leek United Mortgages
- Lloyds Bank Mortgages
- Loughborough Building Society Mortgages
- Manchester Building Society Mortgages
- Mansfield Building Society Mortgages
- Market Harborough Building Society Mortgages
- Marsden Building Society Mortgages
- MBS Lending Mortgages
- Melton Mowbray Building Society Mortgages
- Metro Bank Mortgages
- Monmouthshire Building Society Mortgages
- Mortgage Trust Mortgages
- National Counties Building Society Mortgages
- Nationwide Mortgages
- Newbury Building Society Mortgages
- Norwich & Peterborough Mortgages
- Nottingham Building Society Mortgages
- Paragon Mortgages
- Penrith BS Mortgages
- Penrith Building Society Mortgages
- Pink Home Loan Mortgages
- Platform Mortgages
- Precise Mortgages
- Principality Building Society Mortgages
- Progressive Building Society Mortgages
- Saffron Building Society Mortgages
- Santander Mortgages
- Scottish Building Society Mortgages
- Scottish Widows Bank Mortgages
- Skipton International Mortgages
- Stafford Railway BS Mortgages
- Teachers BS Mortgages
- Tesco Bank Mortgages
- The Co-Operative Bank Mortgages
- The Mortgage Works Mortgages
- Tipton & Coseley Mortgages
- Tipton and Coseley BS Mortgages
- TSB Mortgages
- Vernon BS Mortgages
- 0% Deposit
- 1 Year Fixed Rate Mortgages
- 10 Year Fixed Rate Mortgages
- 10% Deposit Mortgages
- 100% Mortgages
- 15% Deposit Mortgages
- 2 Year Fixed Rate Mortgages
- 2 Year Fixed Rate Remortgages
- 20% Deposit Mortgages
- 3 Year Fixed Rate Mortgages
- 4 Year Fixed Rate Mortgages
- 5 Year Fixed Rate 90% LTV Mortgage
- 5 Year Fixed Rate Mortgages
- 5 Year Fixed Rate No Fee Mortgages
- 5 Year Fixed Rate Offset Mortgages
- 5 Year Fixed Rate Remortgages
- 5 Year Plus Fixed Rate Mortgages
- 5% Deposit Mortgage
- 50% LTV Mortgage
- 60% LTV Mortgages
- 65% LTV Mortgages
- 70% LTV Mortgages
- 75% Fixed Rate Mortgages
- 75% LTV Mortgages
- 80% LTV Mortgages
- 80% LTV Remortgages
- 80% Mortgages
- 85% LTV Mortgages
- 85% LTV Remortgages
- 85% Mortgages
- 90% Fixed Rate Mortgages
- 90% LTV Mortgages
- 90% LTV Remortgages
- 90% Mortgages
- 95% Fixed Rate Mortgages
- 95% LTV Mortgages
- 95% LTV Remortgages
- 95% Mortgages
- Bad Credit Mortgages
- Buy to Let 15% Deposit Mortgages
- Buy to Let 50% LTV Mortgages
- Buy to Let 60% LTV Mortgages
- Buy to Let 70% LTV Mortgages
- Buy to Let 75% LTV Mortgages
- Buy to Let 80% LTV Mortgages
- Buy to Let Fixed Rate Mortgages
- Buy to Let Mortgages
- Buy to Let No Fee Mortgages
- Buy to Let Remortgages
- Cashback Mortgages
- Compare Mortgages
- Compare Mortgages
- Current Account Mortgages
- Discount Mortgages
- First Time Buyer Help to Buy Mortgages
- First Time Buyer Mortgages
- First Time Buyers 100% Mortgages
- First Time Buyers 5% Deposit Mortgages
- First Time Buyers 75% LTV Mortgages
- First Time Buyers 80% LTV Mortgages
- First Time Buyers 85% LTV Mortgages
- First Time Buyers 90% LTV Mortgages
- First Time Buyers 95% LTV Mortgages
- Fixed Rate Interest Only Mortgages
- Fixed Rate Mortgages
- Fixed Rate No Fee Mortgages
- Flexible Mortgages
- Interest Only Mortgages
- Interest Only Remortgages
- Low Deposit Mortgages
- Lowest Fixed Rate Mortgages
- Mortgage Calculator
- Mortgage Deals
- No Fee Mortgages
- No Fee Remortgages
- Offset Flexible Mortgages
- Offset Mortgages
- Offset No Fee Mortgages
- Repayment Mortgages
- Residential Mortgages
- Residential Remortgages
- Right to Buy Mortgages
- Shared Ownership
- Shared Ownership Mortgages
- Top 10 Mortgages
- Tracker Mortgages
- Tracker Remortgages
- Variable Rate Mortgages
Knowyourmoney.co.uk is a free service with no charge to the user, for more details on how our site works click here.
Knowyourmoney.co.uk is a trading style of Notice Media Ltd, Registered Office: Floor 3 Haldin House, Old Bank of England Court, Queen Street, Norwich, Norfolk NR2 4SX Registered in England & Wales No 05409985 and also in accordance with the Data Protection Act (1988) Registration Number: Z955517X
Notice Media is authorised and regulated by the Financial Conduct Authority, FRN 771521. In respect of consumer credit, knowyourmoney.co.uk acts as a credit broker - not a lender.