No Deposit Mortgage Calculator
Compare indicative monthly payments across current 100% LTV (no-deposit) lenders.
| Lender | Rate | Est. monthly | Max loan | Fees | Eligible |
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For illustrative purposes only. The results are estimates based on the figures you enter and do not constitute financial, mortgage, investment or tax advice. They are not a quotation, recommendation or offer of finance, must not be relied upon, and actual figures will differ. Albion Financial Advice Services Ltd accepts no liability for any action taken in reliance on this calculator. Always obtain regulated advice for your circumstances.
How this calculator works & current 100% LTV lenders
Income assessment. Skipton applies a loan-to-income cap of 4.49× gross income, rising to 5× where total income is £60,000 or more. April and Melton cap borrowing at 4.5× gross income. Hanley lends up to 5× income, capped so the new payment stays within 133% of your current rent.
Rent-based caps. Skipton and Hanley also cap the new payment against your current rent – up to 150% (Skipton) or 133% (Hanley) of what you pay now. For these two lenders the table shows the maximum based on income and on rent separately, and ticks (✓) the lower figure – the amount you could actually borrow. Enter your current rent to see the rent-based figure.
Monthly payments. Calculated with the standard capital-and-interest annuity formula at each lender's rate over your chosen term.
- Skipton Building Society – 5.55% (5-year fix). Zero fees. Track Record mortgage for renters with 12 months' history. Loan-to-income 4.49×, rising to 5× if total income is £60,000 or more. Max loan £600,000.
- Hanley Economic – 6.73% (5-year fix). Zero fees. Rent-to-Own, manual underwriting. Up to 5× income, capped at 133% of your current rent. Max loan £350,000. Minimum income £25,000.
- Melton Building Society – 6.05% (5-year fix). £199 fee offset by £199 cashback. No rental history needed. Borrowing capped at 4.5× income. Max loan £500,000.
- April Mortgages – 6.55% / 6.75% (10 or 15-year fix). £1,190 fees. Ultra-long fixes with automatic rate reduction. Borrowing capped at 4.5× income. Max loan £600,000.
Indicative product criteria as at 23 June 2026. Rates, fees and criteria change without notice.
100% LTV lender criteria in detail
Only a handful of lenders currently offer genuine no-deposit (100% LTV) mortgages in the UK, and each assesses affordability differently. Here is what they look for – use it to see which route might fit your situation.
Skipton Building Society Track Record
- Rate & fees: 5.55% 5-year fix, £0 product fee, £0 completion fee
- Income multiple: 4.49× gross income, rising to 5× where total income is £60,000 or more
- Payment cap: new monthly payment may not exceed 150% of your current rent
- Track record: 12 months' continuous rent paid on time within the last 18 months, plus 12 months' household bills
- Eligibility: no property owned in the UK in the last 3 years; aged 21+; purchase only, capital & interest
- Loan size: £5,000 to £600,000 (flats and new builds accepted)
Hanley Economic Rent to Own
- Rate & fees: 6.73% 5-year fix, no application or arrangement fees
- Assessment: fully manual underwriting (no credit scoring); up to 5× income but the new payment may not exceed 133% of your current rent
- Track record: 12 months' full rent payments
- Income: minimum household income £25,000
- Loan size: £30,000 to £350,000; purchase only, capital & interest
- Coverage: now available across England, Wales & Scotland
Melton Building Society 100% LTV
- Rate & fees: 6.05% 5-year fix, £199 fee offset by £199 cashback
- Income multiple: borrowing capped at 4.5× gross income
- Assessment: individual manual assessment; no rental track record required
- Eligibility: first-time buyers only; joint applications where at least one applicant is a first-time buyer and neither has a current mortgage
- Age & term: minimum 23, maximum 80 at end of term; term up to 40 years
- Loan size: £25,000 to £500,000
April Mortgages 10 & 15-year fix
- Rate & fees: 6.55% (10-year) / 6.75% (15-year), £1,190 fees, with automatic rate cuts as your LTV falls
- Income multiple: 4.5× gross income
- Income: minimum £24,000; clean credit history (no rental record needed)
- Age: up to 75 at application, 80 at end of term
- Property: houses only – new-build flats not accepted
- Loan size: £75,000 to £600,000
Indicative product criteria as at 23 June 2026. Rates, fees and lending criteria change without notice, and your eligibility depends on a full assessment of your circumstances – including credit history, existing debts and dependants. Book a consultation for advice tailored to you.