Compare Low Deposit Mortgages

Low deposit mortgages

		Mortgage Type Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years. Tracker: The interest rate rises and falls with the Bank of England base rate. Standard: The interest rate rises and falls with the provider’s standard interest rate (SVR). Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period. Buy to Let: For landlords purchasing a property for letting.	Initial Rate The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.	Initial Term The length of time that the initial interest rate applies to the mortgage.	Final Rate The interest rate that your mortgage will revert to after any introductory rates have finished.	APR This is the mortgage’s Annual Percentage Rate: the interest rate that you will be charged on your mortgage including all charges such as arrangement fees (also referred to as Cost For Comparison).	Loan to value The percentage of a property’s value for which the mortgage can be used. Example: 75% loan to value = 25% deposit.	Fee to Apply This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.
	Post Office Ltd 2yr BBR + 2.95% Tracker LTV 85% [Show Details]	Tracker	3.45%	31/03/2014	4.49%	4.50%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC Lifetime BBR + 3.29% LTV 85% Special Direct [Show Details]	Tracker	3.79%	term	n/a	3.90%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 2yr 0.10% Discount LTV 90% Special Direct [Show Details]	Discount	3.84%	24	3.94%	4.00%	90%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Post Office Ltd 2yr 3.85% Fixed BBR LTV 85% [Show Details]	Fixed	3.85%	31/03/2014	4.49%	4.60%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	NatWest 2yr 3.89% Fixed LTV 85% Main A/C Ex/C Direct [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.20%	85%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Available for existing NatWest customers only.
	NatWest 2yr 3.89% Fxd LTV 85% Direct Advantage Ex/B [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 158 2907
	Available for existing NatWest customers only.
	Post Office Ltd 3yr 3.89% Fixed BBR LTV 85% [Show Details]	Fixed	3.89%	31/03/2015	4.49%	4.50%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Royal Bank of Scotland 2yr 3.89% Fxd LTV 85% "Main A/C" Ex/C Dir [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.20%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	Royal Bank of Scotland 2yr 3.89% LTV 85% Fxd "Black Account"/Ex/B Dir [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Minimum Deposit: 15% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	Santander UK plc 2yr BBR + 3.49% Tracker H/P C/B LTV 85% Direct [Show Details]	Tracker	3.99%	24 months	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Post Office Ltd 3yr 4.05% Fixed BBR LTV 85% Fee Assist [Show Details]	Fixed	4.05%	31/03/2015	4.49%	4.50%	85%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 2yr 4.09% Fixed BBR LTV 85% Fee Assist [Show Details]	Fixed	4.09%	31/03/2014	4.49%	4.60%	85%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 3yr 4.09% Fixed BBR LTV 85% No Fee [Show Details]	Fixed	4.09%	31/03/2015	4.49%	4.50%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Santander UK plc 2yr 4.09% Fixed H/P C/B LTV 85% Direct [Show Details]	Fixed	4.09%	02/04/2014	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	HSBC 2yr 4.19% Fixed LTV 85% Fee Free Special Direct [Show Details]	Fixed	4.19%	31/05/2014	3.94%	4.10%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Woolwich (Barclays) Openplan FM 3yr 4.28% Fxd BBR LTV 85% [Show Details]	Fixed	4.28%	31/05/2015	3.89%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 3yr 4.28% Fxd BBR R/M C/B LTV 85% [Show Details]	Fixed	4.28%	31/05/2015	3.89%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 3yr 4.28% Fxd BBR R/M LTV 85% [Show Details]	Fixed	4.28%	31/05/2015	3.89%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 2yr 4.29% Fixed R/M C/B LTV 85% Direct [Show Details]	Fixed	4.29%	02/04/2014	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 2yr 4.29% Fixed R/M LTV 85% Direct [Show Details]	Fixed	4.29%	02/04/2014	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Post Office Ltd 5yr 4.39% Fixed BBR LTV 85% No Fee [Show Details]	Fixed	4.39%	31/03/2017	4.49%	4.60%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC 2yr 4.49% Fixed LTV 90% Direct [Show Details]	Fixed	4.49%	31/05/2014	3.94%	4.20%	90%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 2yr 4.49% Fxd LTV 90% Ex/C Advance Direct [Show Details]	Fixed	4.49%	31/05/2014	3.94%	4.00%	90%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 10% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC 2yr 4.49% Fxd LTV 90% Ex/C Premier Direct [Show Details]	Fixed	4.49%	31/05/2014	3.94%	4.20%	90%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 10% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Santander UK plc 2yr BBR + 3.99% Tracker H/P C/B LTV 85% Direct [Show Details]	Tracker	4.49%	24 months	4.24%	4.40%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Post Office Ltd 5yr 4.50% Fixed BBR LTV 85% Fee Assist [Show Details]	Fixed	4.50%	31/03/2017	4.49%	4.60%	85%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC 5yr 4.59% Fixed LTV 85% Fee Free Special Direct [Show Details]	Fixed	4.59%	31/05/2017	3.94%	4.30%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	NatWest 2yr 4.59% Fxd LTV 90% Direct Ex/B [Show Details]	Fixed	4.59%	31/03/2014	4.00%	4.20%	90%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Minimum Deposit: 10% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 158 2907
	Available for existing NatWest customers only.
	Post Office Ltd 5yr 4.59% Fixed BBR C/B LTV 85% Fee Saver [Show Details]	Fixed	4.59%	31/03/2017	4.49%	4.60%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Royal Bank of Scotland 2yr 4.59% Fxd LTV 90% Ex/B Direct [Show Details]	Fixed	4.59%	31/03/2014	4.00%	4.20%	90%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Minimum Deposit: 10% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	HSBC Lifetime BBR + 4.09% LTV 90% Direct [Show Details]	Tracker	4.59%	term	n/a	4.80%	90%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC Lifetime BBR + 4.09% LTV 90% Ex/C Adv Dir [Show Details]	Tracker	4.59%	term	n/a	4.70%	90%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 10% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC Lifetime BBR + 4.09% LTV 90% Ex/C Prem Dir [Show Details]	Tracker	4.59%	term	n/a	4.70%	90%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 10% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Santander UK plc 3yr 4.69% Fixed H/P C/B LTV 85% Direct [Show Details]	Fixed	4.69%	02/04/2015	4.24%	4.50%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	NatWest 2yr 4.75% Fxd LTV 90% Direct Ex/B Main Bank A/C [Show Details]	Fixed	4.75%	31/03/2014	4.00%	4.20%	90%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 10% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 158 2907
	Available for existing NatWest customers only.
	Royal Bank of Scotland 2yr 4.75% Fxd LTV 90% Ex/B Main A/C Direct [Show Details]	Fixed	4.75%	31/03/2014	4.00%	4.20%	90%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Minimum Deposit: 10% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	Post Office Ltd 2yr 4.79% Fixed BBR LTV 90% [Show Details]	Fixed	4.79%	31/03/2014	4.49%	4.70%	90%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC 2yr 4.89% Fixed LTV 90% Fee Free Direct [Show Details]	Fixed	4.89%	31/05/2014	3.94%	4.20%	90%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 5yr 4.89% Fixed LTV 90% Direct [Show Details]	Fixed	4.89%	31/05/2017	3.94%	4.50%	90%	£599	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	HSBC 5yr 4.89% Fxd LTV 90% Ex/C Advance Direct [Show Details]	Fixed	4.89%	31/05/2017	3.94%	4.50%	90%	£399	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 10% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	HSBC 5yr 4.89% Fxd LTV 90% Ex/C Premier Direct [Show Details]	Fixed	4.89%	31/05/2017	3.94%	4.50%	90%	£299	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 10% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Available for existing HSBC customers only.
	Post Office Ltd 3yr 4.89% Fixed BBR LTV 90% [Show Details]	Fixed	4.89%	31/03/2015	4.49%	4.80%	90%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Santander UK plc 3yr 4.89% Fixed R/M C/B LTV 85% Direct [Show Details]	Fixed	4.89%	02/04/2015	4.24%	4.60%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 3yr 4.89% Fixed R/M LTV 85% Direct [Show Details]	Fixed	4.89%	02/04/2015	4.24%	4.60%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	NatWest 2yr BBR + 4.39% LTV 90% Direct [Show Details]	Tracker	4.89%	31/03/2014	4.00%	4.40%	90%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Royal Bank of Scotland 2yr BBR + 4.39% Tracker LTV 90% [Show Details]	Tracker	4.89%	31/03/2014	4.00%	4.40%	90%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	Santander UK plc 3yr 4.94% Fixed H/P C/B LTV 85% Ex/C Direct [Show Details]	Fixed	4.94%	02/04/2015	4.24%	4.50%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Available for existing Santander UK plc customers only.
	Post Office Ltd 2yr BBR + 4.45% Tracker LTV 90% [Show Details]	Tracker	4.95%	31/03/2014	4.49%	4.80%	90%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 3yr 4.99% Fixed BBR LTV 90% No Fee [Show Details]	Fixed	4.99%	31/03/2015	4.49%	4.80%	90%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 10% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Santander UK plc 5yr 4.99% Fixed H/P C/B LTV 85% [Show Details]	Fixed	4.99%	02/04/2017	4.24%	4.80%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Low deposit mortgages

Low deposit mortgages are designed to help people get onto the housing ladder. They allow you to borrow more of the total money you need to buy your home which means, of course, that you'll need to put in less money upfront as a deposit.

With a low deposit mortgage you might be able to borrow as much as 95 per cent of the value of your new home. This is known as the loan-to-value ratio, or LTV. Elsewhere in the market, you could need to find as much as 40 per cent as a deposit.

The trade-off is that you will often find that you are faced with a higher interest rate, a larger arrangement fee or both.

Low deposit mortgages usually begin on a fixed interest rate, or one that tracks the base rate, for an initial locked-in period. After this period - lasting anywhere between one and five years - ends, you'll revert to a standard variable rate. At this point, though, you will be able to seek a new deal.

With these deals often aimed at first time buyers, a bank will sometimes be prepared to give you a better loan-to-value ratio if a relative or other benefactor can act as guarantor or if you are taking a buy-to-let mortgage and can prove you'll get a steady income from rent.

Beware - as always, you could face an arrangement fee on your mortgage of anywhere up to £2,000 or more. Click here to read Know Your Money's guide to getting on the housing ladder.

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