--- title: "No Deposit Mortgage First Time Buyers UK 2026 — 100% LTV | First Rung Now" description: "No deposit mortgage for first time buyers UK 2026: Skipton Track Record, Family Springboard, criteria, alternatives and the trade-offs that matter." lang: en-GB json-ld: | [ { "@context": "https://schema.org", "@type": "Organization", "name": "First Rung Now", "url": "https://firstrungnow.com", "description": "Independent UK mortgage education and broker matching service.", "address": { "@type": "PostalAddress", "addressCountry": "GB" } }, { "@context": "https://schema.org", "@type": "WebSite", "name": "First Rung Now", "url": "https://firstrungnow.com" }, { "@context": "https://schema.org", "@type": "Article", "headline": "No Deposit Mortgage for First Time Buyers", "description": "No deposit mortgage for first time buyers UK 2026: Skipton Track Record, Family Springboard, criteria, alternatives and the trade-offs that matter.", "author": { "@type": "Organization", "name": "First Rung Now" }, "publisher": { "@type": "Organization", "name": "First Rung Now", "url": "https://firstrungnow.com" }, "mainEntityOfPage": "https://firstrungnow.com/no-deposit-mortgage-for-first-time-buyers", "datePublished": "2026-06-15", "dateModified": "2026-06-15", "inLanguage": "en-GB" }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://firstrungnow.com/" }, { "@type": "ListItem", "position": 2, "name": "Mortgage Guides", "item": "https://firstrungnow.com/mortgage-guides" }, { "@type": "ListItem", "position": 3, "name": "No Deposit Mortgage for FTBs", "item": "https://firstrungnow.com/no-deposit-mortgage-for-first-time-buyers" } ] }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "Can first-time buyers get a no deposit mortgage in the UK?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. First-time buyers are actually the primary target audience for the only true 100% LTV product on the UK market — Skipton's Track Record Mortgage. The product was designed specifically for renters who can demonstrate consistent rental payments but haven't been able to save a deposit due to high rents. Family-assisted 100% LTV routes (Barclays Family Springboard, Family Building Society) also accept FTBs." } }, { "@type": "Question", "name": "What credit score do first-time buyers need for a no deposit mortgage?", "acceptedAnswer": { "@type": "Answer", "text": "Clean credit is essential. Skipton Track Record requires no defaults, CCJs or missed payments in the last 6 months and no bankruptcy/IVA in the last 6 years. Family Springboard is similar. There is currently no specialist adverse-credit 100% LTV FTB lender — adverse credit usually means a minimum 10%–15% deposit." } }, { "@type": "Question", "name": "How much can a first-time buyer borrow at 100% LTV?", "acceptedAnswer": { "@type": "Answer", "text": "Skipton Track Record caps at 4.49× single or joint income. So a couple earning £60,000 combined could borrow approximately £269,000. Family Springboard typically allows 4.5×–4.75× income with affordability stress tests. Higher-multiple stretches (5×–5.5×) are generally not available at 100% LTV." } }, { "@type": "Question", "name": "Are there cheaper alternatives to a no deposit mortgage for FTBs?", "acceptedAnswer": { "@type": "Answer", "text": "Often, yes. A 95% LTV mortgage (just 5% deposit) is materially cheaper. Shared ownership lets you buy a share of a property with as little as £2,000–£5,000 deposit. First Homes offers a 30%–50% discount on selected new-builds. A family-gifted deposit pushes you to lower-LTV pricing. JBSP boosts affordability without needing a deposit." } }, { "@type": "Question", "name": "Does the Government still help first-time buyers buy with no deposit?", "acceptedAnswer": { "@type": "Answer", "text": "Help to Buy equity loan in England ended in 2023; the scheme survives in Wales (Help to Buy Wales). The Mortgage Guarantee Scheme (which underpins 95% LTV products) was extended to 2025 and rolled into the permanent Mortgage Guarantee Scheme. First Homes (30%–50% discount) and shared ownership are the main active Government-backed FTB schemes in 2026 — they cut the deposit needed but don't strictly mean 'no deposit'." } }, { "@type": "Question", "name": "Can first-time buyers use Lifetime ISA savings as a deposit?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — and this is one of the best uses of LISA money. The 25% government bonus on contributions up to £4,000 per year (max £1,000/year free money) can turn a slim deposit into a meaningful one fairly quickly. LISA savings can be used for first homes up to £450,000." } } ] } ] --- [Skip to content](#main) [![First Rung Now](/assets/logo-mark-BqLOgqvj.png) First Rung Now UK Mortgage Guides ](/) - Mortgages - Remortgages - Buy To Let - Bad Credit - Calculators - Guides - [Find a Broker](/find-a-mortgage-broker) - [About](/about) [Speak to a Vetted Broker](/find-a-mortgage-broker) 1. [Home](/) 2. [Mortgage Guides](/mortgage-guides) 3. No Deposit Mortgage for FTBs UK Mortgage Guide # No Deposit Mortgage for First-Time Buyers: 2026 UK Routes That Actually Work For first-time buyers in the UK, the deposit hurdle is usually bigger than the affordability hurdle. With average rents in many cities now exceeding what the mortgage payment would be on the same property, the deposit — not the monthly cost — is what keeps people renting. A small group of UK lenders offer 100% loan-to-value (no deposit) mortgages specifically designed for first-time buyer renters. This guide explains exactly what each lets you do, who qualifies, the trade-offs, and the alternatives that often work out better. First Rung Now Editorial Updated 15 June 2026 7 min read On this page 1. [Key takeaways](#key-takeaways) 2. [The five active routes for first-time buyers in 2026](#the-five-active-routes-for-first-time-buyers-in-2026) 3. [1\. Skipton Track Record Mortgage (true 100% LTV)](#1-skipton-track-record-mortgage-true-100-ltv) 4. [2\. Barclays Family Springboard](#2-barclays-family-springboard) 5. [3\. Family Building Society 100% mortgages](#3-family-building-society-100-mortgages) 6. [4\. Right to Buy at 100% LTV](#4-right-to-buy-at-100-ltv) 7. [5\. Shared ownership (low-deposit FTB workhorse)](#5-shared-ownership-low-deposit-ftb-workhorse) 8. [Speak with a vetted mortgage broker about no-deposit and low-deposit first-time buyer mortgages](#speak-with-a-vetted-mortgage-broker-about-no-deposit-and-low-deposit-first-time-buyer-mortgages) 9. [Worked example: FTB couple in Manchester](#worked-example-ftb-couple-in-manchester) 10. [Option A: Skipton Track Record at 5.65%, 35 years](#option-a-skipton-track-record-at-565-35-years) 11. [Option B: 95% LTV with £10,500 deposit (e.g. from LISA + savings)](#option-b-95-ltv-with-10500-deposit-eg-from-lisa-savings) 12. [Boost your deposit fast as an FTB](#boost-your-deposit-fast-as-an-ftb) 13. [Affordability stress test at 100% LTV](#affordability-stress-test-at-100-ltv) 14. [Pros](#pros) 15. [Cons](#cons) 16. [Frequently asked questions](#frequently-asked-questions) 17. [Can first-time buyers get a no deposit mortgage in the UK?](#can-first-time-buyers-get-a-no-deposit-mortgage-in-the-uk) 18. [What credit score do first-time buyers need for a no deposit mortgage?](#what-credit-score-do-first-time-buyers-need-for-a-no-deposit-mortgage) 19. [How much can a first-time buyer borrow at 100% LTV?](#how-much-can-a-first-time-buyer-borrow-at-100-ltv) 20. [Are there cheaper alternatives to a no deposit mortgage for FTBs?](#are-there-cheaper-alternatives-to-a-no-deposit-mortgage-for-ftbs) 21. [Does the Government still help first-time buyers buy with no deposit?](#does-the-government-still-help-first-time-buyers-buy-with-no-deposit) 22. [Can first-time buyers use Lifetime ISA savings as a deposit?](#can-first-time-buyers-use-lifetime-isa-savings-as-a-deposit) 23. [Related guides](#related-guides) 24. [No Deposit Mortgage](#no-deposit-mortgage) 25. [Family Springboard Mortgage](#family-springboard-mortgage) 26. [5× Salary Mortgage](#5-salary-mortgage) ### First-time buyers — related reads MIPs, deposits, schemes and the UK buying process. - [Does an MIP include your deposit? Why your MIP is the loan only, and how to work out your real purchase budget. ](/mortgage-in-principle-deposit) - [House buying timeline What actually happens — and how long it takes — between offer accepted and keys. ](/house-buying-timeline) - [£300k home loan Salary, deposit, monthly cost and stamp duty for a £300,000 mortgage. ](/300k-home-loan) - [Help to Buy calculator Equity loan repayment maths and the schemes that replaced Help to Buy in England. ](/help-to-buy-calculator-mortgage) - [No deposit mortgage Every active UK 100% LTV product and the trade-offs that decide fit. ](/no-deposit-mortgage) Explore the hubs [Mortgages explained](/mortgages)[Remortgages](/remortgages)[Buy-to-let mortgages](/buy-to-let)[Bad credit mortgages](/bad-credit-mortgages)[Mortgage calculators](/mortgage-calculators)[All mortgage guides](/mortgage-guides)[Find a mortgage broker](/find-a-mortgage-broker) ## Key takeaways - Skipton Track Record is the only true no-family-support 100% LTV product for UK FTBs. - Qualifying needs 12+ months proven rent payments at or above the proposed mortgage cost. - Family Springboard (Barclays) offers 100% LTV with parental savings as security. - Most FTBs are better served by 95% LTV plus LISA bonus than by 100% LTV. - Adverse credit closes the 100% LTV door — clean credit only. ## The five active routes for first-time buyers in 2026 Want a vetted broker to help with The five active routes for first-time buyers in 2026? Free FCA-regulated introduction. We carefully check the broker matches your scenario — no pressure, no upfront fees. [Match me with a broker](/find-a-mortgage-broker) ### 1\. Skipton Track Record Mortgage (true 100% LTV) The headline product. Built for renters who can prove the financial discipline of paying rent on time but can't break the deposit cycle. Full criteria: - FTB only, aged 21+. - 12 months consecutive rent payments to a landlord/agent, each ≥ proposed mortgage payment. - 12 months of household bills paid (council tax, utilities). - Clean credit — no defaults, CCJs, missed payments in last 6 months; no bankruptcy in 6 years. - Up to 4.49× income. - Repayment only; max term 35 years. - Max loan typically £600,000 (£300,000 on new-build flats). - Indicative 2026 rate: 5.45%–5.85% on a 5-year fix. ### 2\. Barclays Family Springboard Buyer takes a 100% LTV mortgage; a family helper deposits 10% of the purchase price in a linked Barclays savings account for 5 years. Helper earns interest; cash returns at end of term. See our [Family Springboard guide](/family-springboard-mortgage) for full mechanics. ### 3\. Family Building Society 100% mortgages Family Building Society offers 100% LTV using parental savings (lodged) or a charge over a parent's property. More flexible than Springboard on parent age and property type. ### 4\. Right to Buy at 100% LTV Council/housing association tenants buying their home under Right to Buy can use the statutory discount as their deposit, effectively borrowing 100% of the discounted price. Specialist lenders: Halifax, Kensington, BM Solutions. ### 5\. Shared ownership (low-deposit FTB workhorse) Not 100% LTV in the technical sense but in practice often the cheapest way for an FTB to get onto the ladder. Buy 25%–75% of a property; pay subsidised rent on the rest. Deposit as low as 5% of the share you buy — often £2,000–£8,000 in cash. Vetted UK Broker Match ### Speak with a vetted mortgage broker about no-deposit and low-deposit first-time buyer mortgages Free, no-obligation introduction to an FCA-regulated adviser with experience in your specific scenario. We've done the due diligence so you don't have to. - FCA-regulated only - Typical reply in 1 working day - No upfront fees [Match me with a broker](/find-a-mortgage-broker) ## Worked example: FTB couple in Manchester First-time buyers · keep reading - [Does an MIP include your deposit? Why your MIP is the loan only, and how to work out your real purchase budget. ](/mortgage-in-principle-deposit) - [House buying timeline What actually happens — and how long it takes — between offer accepted and keys. ](/house-buying-timeline) Browse the full hub: [Mortgages explained](/mortgages) Want a vetted broker to help with Worked example: FTB couple in Manchester? Free FCA-regulated introduction. We carefully check the broker matches your scenario — no pressure, no upfront fees. [Match me with a broker](/find-a-mortgage-broker) Couple earning £58,000 combined, currently paying £1,150/month rent on a 2-bed flat for 14 months. They want to buy a £210,000 home. ### Option A: Skipton Track Record at 5.65%, 35 years - Mortgage: £210,000 - Monthly payment: £1,257 - Qualifies if rent ≥ £1,257 — borderline, may need a smaller property or longer term. - Lifetime interest: ~£317,800 ### Option B: 95% LTV with £10,500 deposit (e.g. from LISA + savings) - Mortgage: £199,500 at 5.20%, 35 years - Monthly payment: £1,108 - Lifetime interest: ~£266,860 - Saves £149/month and £50,940 in lifetime interest vs Option A. The 95% LTV route saves ~£51k over the term — equivalent to roughly £4,250 per £1,000 of deposit found. That's the case for finding even a small deposit before defaulting to 100% LTV. ## Boost your deposit fast as an FTB Want a vetted broker to help with Boost your deposit fast as an FTB? Free FCA-regulated introduction. We carefully check the broker matches your scenario — no pressure, no upfront fees. [Match me with a broker](/find-a-mortgage-broker) 1. **Lifetime ISA:** Save up to £4,000/year; 25% government bonus = £1,000 free annually. A couple can save £8,000/year combined with £2,000 bonus. 2. **Family gift:** Gifted deposits are accepted by virtually all UK lenders. £10,000–£20,000 of family help often unlocks materially better rates. 3. **Help to Save:** 50% government bonus for low-income earners on universal credit/working tax credit. 4. **Shared ownership:** Lets you start with a tiny cash deposit. 5. **First Homes:** 30%–50% discount on selected new-builds for local FTBs. ## Affordability stress test at 100% LTV First-time buyers · keep reading - [£300k home loan Salary, deposit, monthly cost and stamp duty for a £300,000 mortgage. ](/300k-home-loan) - [Help to Buy calculator Equity loan repayment maths and the schemes that replaced Help to Buy in England. ](/help-to-buy-calculator-mortgage) Browse the full hub: [Mortgages explained](/mortgages) Want a vetted broker to help with Affordability stress test at 100% LTV? Free FCA-regulated introduction. We carefully check the broker matches your scenario — no pressure, no upfront fees. [Match me with a broker](/find-a-mortgage-broker) Skipton stress-tests Track Record at the lender's revert rate plus a margin (typically 8%–9% in 2026). The product cap of 4.49× income usually bites before the stress test does for clean-credit applicants. Joint applicants combine incomes; single applicants can include up to £15,000 of guaranteed bonus or overtime. ### Pros - Lets renters convert rent payments directly into mortgage payments. - No need to wait years to save a deposit. - Equity builds from month one of ownership. - Family-assisted 100% routes return cash to helper after 5 years. - Often the only realistic route for FTBs in high-rent cities. ### Cons - 0% equity — immediate negative equity risk on any price fall. - Highest position on the rate ladder. - Income multiple cap of ~4.49× restricts maximum loan. - Clean credit only — no adverse-credit 100% LTV route. - New-build flats restricted or capped lower. ## Frequently asked questions ### Can first-time buyers get a no deposit mortgage in the UK? ### What credit score do first-time buyers need for a no deposit mortgage? ### How much can a first-time buyer borrow at 100% LTV? ### Are there cheaper alternatives to a no deposit mortgage for FTBs? ### Does the Government still help first-time buyers buy with no deposit? ### Can first-time buyers use Lifetime ISA savings as a deposit? ## Related guides [ ### No Deposit Mortgage Wider view of all UK 100% LTV products. Read guide ](/no-deposit-mortgage)[ ### Family Springboard Mortgage Barclays' 100% LTV with parental savings. Read guide ](/family-springboard-mortgage)[ ### 5× Salary Mortgage Boost the maximum loan instead of the deposit. Read guide ](/5-x-salary-mortgage) First-Time Buyer Match ### Get matched with a first-time buyer mortgage specialist Free, no-obligation introduction to an FCA-regulated broker who works with first-time buyers every day — whatever your stage, deposit or credit profile. - FCA-regulated brokers only - Typical reply in 1 working day - No upfront fees — your data goes to one broker only Full name Email Phone Postcode Where are you in your journey? Select your stage… Just researching Saving my deposit Ready to get a mortgage in principle Have an MIP, viewing properties Had an offer accepted Anything else? (optional) Match me with a broker By submitting you agree to be contacted by First Rung Now and one matched FCA-regulated broker. 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