No Deposit Mortgage Calculator
Compare indicative monthly payments across current 100% LTV (no-deposit) lenders.
| Lender | Rate | Est. monthly | Max loan | Fees | Eligible |
|---|
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 flat loan-to-income cap of 4.49× gross income on Track Record – there is no higher tier for larger incomes. April caps borrowing at 4.49× gross income. Melton publishes no multiple and assesses affordability individually (this calculator assumes roughly 4.5× as a guide). Hanley lends up to 5× income, capped so the new payment stays within 133% of your current rent. Metro Bank assesses up to 4.45× the combined income of up to four applicants – including an immediate family member who joins as a joint borrower (JBSP) without owning a share of the property.
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 – 5.74% (5-year fix, product code TM084). Zero fees. Track Record mortgage for renters with 12 months' history. Flat loan-to-income cap of 4.49×. Max loan £600,000.
- Hanley Economic – 6.73% (5-year fix, product code MFD675). 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 – 6.15% (5-year fix, product code GF004). £199 fee offset by a separate £199 cashback. No rental history needed. No published multiple – individual assessment. Max loan £500,000.
- April Mortgages – 6.90% / 7.10% (10 or 15-year fix). £1,190 fees. Ultra-long fixes with automatic rate reduction. Borrowing capped at 4.49× income. Max loan £600,000.
- Metro Bank – 6.99% (5-year fix, JBSP, product code R09214). Zero fees, free valuation. Instead of a deposit, an immediate family member joins as a joint borrower (must own their own home; combined family income of at least £75,000). Up to 4.45× the combined income of up to 4 applicants. Max loan £675,000.
Indicative product criteria as at 9 September 2026. Rates, fees and criteria can change at any time – even on the same day – and products can be withdrawn by the lender without notice. Do not rely on these figures when making decisions; always confirm current terms directly with the lender (bank) or a qualified mortgage adviser. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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: 5.74% 5-year fix (product code TM084), £0 product fee, £0 completion fee
- Income multiple: flat cap of 4.49× gross income – no higher tier on Track Record
- 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: 6.15% 5-year fix (product code GF004), £199 fee offset by a separate £199 cashback; free valuation
- Income multiple: none published – affordability assessed individually (calculator assumes roughly 4.5× as a guide)
- 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: 6.90% (10-year) / 7.10% (15-year), £1,190 fees, with automatic rate cuts as your LTV falls
- Income multiple: 4.49× gross income
- Income: minimum £24,000; clean credit history (no rental record needed)
- Age: under 70 at application, 80 at end of term
- Property: established houses only – no flats and no new builds; England & Wales only
- Loan size: £50,000 to £600,000
Metro Bank JBSP up to 100% LTV
- Rate & fees: 6.99% 5-year fix (product code R09214), £0 product fee, free valuation; reverts to 7.25% SVR, APRC 7.4%
- How JBSP works: instead of a deposit, an immediate family member (spouse, parent, grandparent, child or grandchild) joins the mortgage as a joint borrower – their income counts towards affordability and they are jointly liable, but they take no share of ownership; the property belongs entirely to the buyer
- Joint borrower requirements: must be a residential homeowner themselves, combined family income of at least £75,000 a year, and independent legal advice is mandatory
- Income multiple: 4.45× combined income, up to 4 applicants (the 3rd and 4th must also be immediate family)
- Loan size: £50,000 to £675,000; term 5–35 years; capital & interest only
- Property: no new builds, no flats above commercial premises, minimum 99-year lease; no rental history required
- Coverage: England, Wales & Scotland (excluding HS, KW and ZE postcodes)
Indicative product criteria as at 9 September 2026. Rates, fees and lending criteria can change at any time – even on the same day – and products can be withdrawn without notice; do not rely on these figures, and always confirm current terms directly with the lender (bank) or a qualified mortgage adviser. 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. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.