No Deposit Mortgage Calculator

Compare indicative monthly payments across current 100% LTV (no-deposit) lenders.

Total annual income £Purchase price £Mortgage term (years)Current monthly rent £ (optional)Key worker? (applies to Gable)

Lender	Rate	Est. monthly	Max loan	Fees	Eligible

This is an estimate only. Your eligibility depends on credit history, debts, dependants and each lender's full assessment.Book a consultation

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 4.49× 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. Gable lends under 4.5× income (4.49× here), rising to 5× for a key worker and 5.5× for two key workers - choose the matching option in the key worker box.

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.

Each lender's full criteria - age, rental history, property, residency, fees and early repayment charges - are set out in the comparison below.

Indicative product criteria as at 22 October 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 Rates, fees and criteria can change at any time - even on the same day - and products can be withdrawn by the lender without notice.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.

Compare 100% LTV mortgages

Six lenders in one table, sorted by rate. Click a lender for its full criteria. Rates and criteria checked 22 October 2026.

Lender	Rate	Loan	Multiple	No rent history	Next purchase	Flats	New build	Scotland
Skipton	6.19%5 yearsfees £0	£5k - £600k	4.49x	No12 months' rent	Partlyno property for 3 years	Yesresale	Housesno flats	Yes
Gable	6.40-6.60%5 yearsfees 1% (new build £0)	£125k - £1m	4.49xkey workers 5-5.5x	Yes	Yes	Yes35 sq m+	Own New	No
Melton	6.69%to Dec 2031fees £199 (+ £199 cashback)	£25k - £500k	Individualno published multiple	Yes	Nofirst purchase only	Partlypurpose-built	No	No
Hanley	6.73%5 yearsfees £0 (+ £125 exit fee)	£30k - £350k	5xpayment ≤ 133% of rent	No12 months' rent	Yesif renting now	No	No	Yes
Metro Bank	6.99%5 yearsfees £0 (free valuation)	£50k - £675k	4.45xincome of up to 4	Yes	Yes	Partlynot above shops	No	Yesnot HS/KW/ZE
April	7.15-7.30%10 / 15 yearsfees £1,190 (£195 + £995)	£50k - £600k	4.49x	Yes	Yes	Nohouses only	No	No

Yes possible Partly with conditions No not available. The income multiple is a guide - the amount you can borrow depends on a full affordability assessment.

Which lender fits your situation?

I rent and have paid rent for 12 months

Your rent record replaces a deposit: Skipton (lowest rate) and Hanley (payment up to 133% of rent). The others are possible too.

I live with my parents, rent-free

Gable, Melton, April and Metro Bank need no rental history.

I am buying my next home

Gable, April and Metro Bank (no other property on the day you buy); Hanley if you rent now.

I am buying a flat

Skipton (resale), Gable (35 sq m+), Melton (purpose-built only) and Metro Bank (not above shops).

I am buying a new build

Skipton - new-build houses (incentives up to 2%); Gable - new-build houses and flats through Own New.

I am buying in Scotland

Skipton, Hanley and Metro Bank (not HS, KW or ZE postcodes).

I work for the NHS, a school, the police or in care

Gable lends key workers up to 5x income, or 5.5x for two key workers, from a lower £25,000 minimum income.

I have pre-settled status

Skipton and Gable accept it; Hanley and Melton (at 100% LTV) need settled status or indefinite leave to remain.

Family can help with income, not cash

Metro Bank (Joint Borrower Sole Proprietor) - a family member joins the mortgage and the home is yours alone.

I want a fixed payment for 10-15 years

April - a 10 or 15-year fix with a rate that falls as your LTV drops.

The property costs over £600,000

Gable (up to £1m) or Metro Bank (up to £675,000).

Lender criteria in detail

Every profile uses the same sections in the same order, so the terms are easy to compare.

Skipton Building Society

Track Record Mortgage

6.19%5-year fix

Fees£0

Loan size£5,000 - £600,000

Income multiple4.49x

Maximum term40 years

After the fixRMVR 6.29%

For renters who have paid rent on time for at least a year and have not owned property in the UK for 3 years. The lowest rate and no fees in the 100% LTV market.

Who can apply: Every applicant aged 21+ with no property owned in the UK in the last 3 years; sole or joint applications (up to 4 people).
Age: Minimum 21 (each applicant).
Rental history: 12 consecutive months of rent within the last 18 months (bank statements, or a letter from an ARLA or NAEA letting agent) plus 12 months of household bills. In some circumstances the payment can reach 150% of the average rent over the last 6 months - a ceiling, not a promise.
Income and affordability: Up to 4.49x income - Track Record has no higher multiple. Skipton publishes no minimum income.
Credit history: No missed payments on any commitment (even a phone bill) in the last 6 months.
Property: Resale houses and flats, and new-build houses. New-build flats are not accepted (95% LTV maximum). Developer incentives over 2% of the price rule out Track Record.
Region: England, Wales and Scotland (not Northern Ireland or the Isle of Man).
Residency: Settled or pre-settled status (EU Settlement Scheme), indefinite leave to remain or a permanent right of residence. Visa holders only where a joint applicant is a UK national or has indefinite leave to remain.
Fees and ERCs: £0 fees. Early repayment charges 5% / 5% / 4.5% / 3% / 1.5% in years 1-5.
After the fixed rate: Fixed to 31/01/2032, then RMVR 6.29%.

Product variants

TM093 - 6.34% with £1,000 cashback (minimum loan £100,000).
Delayed Start TA039 - 6.26%, no payments for the first 3 months (interest is added to the balance).
Shared Ownership ST035 - 6.39%, 100% of the share you buy, loans £25,000 - £600,000.

Advantages

Lowest rate and £0 fees
Accepts flats and new-build houses
Scotland and pre-settled status accepted

Watch out for

Needs 12 months of rental history
Only if you have not owned property for 3 years
Pricing can change every 1-2 weeks

Source: Skipton product guide of 19 October 2026 (TM092); Track Record and New Build criteria at skipton-intermediaries.co.uk. Checked 22 October 2026.

Gable Mortgages

Zero Deposit 5-year fix

6.40-6.60%5-year fix

Fees1% of loannew build £0

Loan size£125,000 - £1m

Income multiple4.49xkey workers 5-5.5x

Minimum income£27,780key workers £25,000

Term5-35 years

A new lender: no rental history needed, open to next-time buyers, the highest loan limit and higher multiples for key workers. The only route to a new-build flat at 100% LTV.

Who can apply: First-time and next-time buyers; up to 2 applicants; no guarantors.
Age: Minimum 21 at the start, maximum 75 at the end of the mortgage.
Rental history: Not required.
Income and affordability: Under 4.5x income; 5x for a key worker and 5.5x for two key workers (NHS and healthcare, education, police, fire and prison services, armed forces, local authority, social care, pharmacists and more). Bonus, overtime and commission count at 50%; rental and investment income are not used. Employed: 6 months with the employer or 2 years' continuous employment; contractors 12 months; self-employed 2 years.
Credit history: No CCJs, defaults or mortgage arrears; no payday loans ever; a debt management plan only if it ended more than 12 months ago.
Property: Houses, bungalows and leasehold flats and maisonettes of at least 35 sq m. New builds only through the New Build product via Own New. No shared ownership, Right to Buy or flood zones 3a/3b.
Region: England and Wales only.
Residency: 3 years' address history and 2 years' permanent UK residence; indefinite leave to remain, right of abode, settled or pre-settled status - otherwise a suitable work visa (e.g. Skilled Worker, Health and Care Worker) may be considered.
Fees and ERCs: Existing homes: product fee of 1% of the loan (includes the valuation and is paid upfront - e.g. £2,000 on £200,000). New build: £0 - the developer pays the fee and valuation. Early repayment charges 5% / 4% / 3% / 2% / 1%.
After the fixed rate: Bank of England Bank Rate + 3.00% (currently 6.75%).

Two products

Standard Zero Deposit - 6.60%, existing homes, 1% product fee.
New Build - 6.40%, only on developments registered with the Own New platform, no product fee.

Advantages

No rental history; next-time buyers welcome
Up to £1m and 5-5.5x for key workers
New-build flats through Own New

Watch out for

1% fee paid from your own money
Minimum loan £125,000; England and Wales only
Very strict credit history

Source: Gable product guide (rates effective 17 August 2026) and criteria (August 2026) at gablemortgages.com. Gable does not publish an APRC - your ESIS illustration will show the full cost. Checked 22 October 2026.

Melton Building Society

Residential 100% LTV (GF007)

6.69%fixed to 31.12.2031

Fees£199+ £199 cashback

Loan size£25,000 - £500,000

Income multipleIndividual

Term5-40 years

After the fixSVR 8.14%

A first purchase without rental history - a good fit if you live with your parents. The fee comes back as cashback.

Who can apply: First-time buyers only (no mortgage in the last 3 years). Sole or joint - on a joint application only one applicant needs to meet the definition, provided neither has a current mortgage.
Age: Minimum 23; maximum 80 at the end of the mortgage (the youngest applicant on a joint mortgage).
Rental history: Not required.
Income and affordability: Melton publishes no income multiple - affordability is assessed individually (our calculator assumes 4.49x as a guide). Basic salary 100%; overtime, bonus and commission 50%. At least 6 months in the current job; self-employed applicants need 2 years' full accounts from a qualified accountant.
Credit history: Manual underwriting; clean credit history.
Property: No new builds. Houses and bungalows of traditional construction; flats and maisonettes only if purpose-built, leasehold, without balcony access and with 85+ years left on the lease at the end of the term (no studio, freehold or ex-local-authority flats). Minimum value £90,000.
Region: England and Wales only.
Residency: 2 years' UK residence; 100% LTV needs indefinite leave to remain or settled status - with pre-settled status alone the maximum is 80% LTV.
Fees and ERCs: £199 application fee (non-refundable) plus a separate £199 cashback within 30 days of completion; free valuation. Early repayment charges 5% to 31.12.2027, 4% (2028), 3% (2029), 2% (2030), 1% to 31.12.2031. Purchase only, no interest-only.
After the fixed rate: SVR 8.14%.

Advantages

No rental history needed
Net fee £0 (cashback)
Purpose-built flats accepted

Watch out for

First-time buyers only
No Scotland and no new builds
High 8.14% SVR after the fix

Source: Melton product guide of 9 October 2026 (GF007); 100% LTV, property and residency criteria at themeltonbrokers.co.uk. Checked 22 October 2026.

Hanley Economic Building Society

Rent to Own (MFD675)

6.73%5-year fix · APRC 7.5%

Fees£0valuation per scale

Loan size£30,000 - £350,000

Income multiple5xpayment ≤ 133% of rent

Minimum income£25,000

Maximum term40 years

For current renters with a spotless rent record - including thin credit files, because every case is underwritten by hand.

Who can apply: You must be renting now; no first-time buyer rule; up to 2 applicants.
Age: Minimum 18, no maximum (beyond 75 affordability is based on retirement income).
Rental history: 12 months of rent paid on time (bank statements) and 3 months of household bills. The new payment may not exceed 133% of your current rent.
Income and affordability: Up to 5x income; minimum household income £25,000.
Credit history: No missed payments on any commitment in the last 12 months; a well-run bank account with any overdraft kept within its limit.
Property: Houses and bungalows only - Rent to Own does not accept flats or new builds.
Region: England, Wales and Scotland (nationwide since January 2026).
Residency: 3 years' UK residence; settled status or a permanent right to reside - pre-settled status is not accepted.
Fees and ERCs: No application or arrangement fee; valuation per scale, £35 CHAPS fee and a £125 exit fee. Early repayment charge 3% during the fix; overpayments up to 10% a year free of charge.
After the fixed rate: SVR 7.74%.

Advantages

No application or arrangement fees
Manual underwriting, up to 5x income
Available in Scotland

Watch out for

£350,000 cap and the 133% rent rule
Houses only - no flats or new builds
Pre-settled status is not enough

Source: MFD675 product page and Hanley Economic lending policy (September 2026, Rent to Own section). Checked 22 October 2026.

Metro Bank

Joint Borrower Sole Proprietor (R09214)

6.99%5-year fix · APRC 7.4%

Fees£0free valuation

Loan size£50,000 - £675,000

Income multiple4.45xcombined income

Term5-35 years

After the fix7.25%

When family can help with income rather than cash: an immediate family member joins the mortgage, but the home belongs entirely to you.

Who can apply: First-time buyers and home movers (no other property on the day you buy) together with an immediate family member as joint borrower (spouse, parent, grandparent, child or grandchild); up to 4 applicants.
Age: Metro Bank does not state age limits for this product in its intermediary material - we check case by case.
Rental history: Not required.
Income and affordability: Up to 4.45x the combined income of all applicants. The joint borrowers must own their own home, have at least £75,000 combined income plus real disposable income, and take independent legal advice.
Credit history: Manual underwriting with an extended affordability review.
Property: No new builds; flats accepted, but not above commercial premises; at least 99 years left on the lease; standard construction; minimum value £75,000.
Region: England, Wales and Scotland (not Northern Ireland or the HS, KW and ZE postcodes).
Residency: Not stated in Metro Bank's material - we check case by case.
Fees and ERCs: £0 product fee and free valuation. Available for purchase and pound-for-pound remortgage.
After the fixed rate: Variable rate 7.25%.

Advantages

Family income instead of a deposit
The home is 100% yours
£0 fees and free valuation

Watch out for

Your family member is jointly liable for the whole debt
Higher rate than Skipton or Gable
No new builds

Source: Metro Bank product sheet (correct as at 11 August 2026, '>95% LTV (Max 100% LTV)'). Checked 22 October 2026.

April Mortgages

No Deposit - 10 or 15-year fix

7.15-7.30%10 / 15-year fix

Fees£195 + £995

Loan size£50,000 - £600,000

Income multiple4.49x

Minimum income£24,000

Fixed period10 or 15 years

Backed by the Dutch group DMFCO. For good earners without savings who want a fixed payment for 10-15 years - home movers included. The rate falls automatically as your LTV drops.

Who can apply: Buying your main home - first-time buyers and home movers; up to 2 applicants.
Age: No maximum age for a sole applicant; on joint applications the mortgage must end by age 80.
Rental history: Not required.
Income and affordability: Up to 4.49x income; minimum household income £24,000. Bonus, overtime and commission count at 80% (up to 50% of basic pay); self-employed - the lower of the latest year or the 2-year average.
Credit history: No CCJs or defaults in the last 36 months (satisfied ones up to £500 / £200 can be ignored), no payday loans in the last 36 months, no IVAs, DMPs or bankruptcy.
Property: Houses only - no flats and no new builds; value from £75,000 (up to £2m, £2.5m in Greater London).
Region: England and Wales only.
Residency: Not stated on the product sheet - we check case by case.
Fees and ERCs: £195 application fee (non-refundable) + £995 completion fee (cannot be added to the loan at 100% LTV); first valuation free. Early repayment charges apply to refinancing only: 9% / 9% / 8% / 7% / 6% / 5% / 4% / 3% / 2% / 1% (10-year fix); none if you move home, overpay or repay from your own money.
After the fixed rate: SVR 7.50%; during the fix the rate drops automatically as your LTV falls through repayments or price growth (down to 60% LTV).

Two fixed periods

10 years - 7.15% (APRC 7.51%).
15 years - 7.30% (APRC 7.65%).

Advantages

10-15 years of fixed payments
Automatic rate cuts and unlimited overpayments
Open to home movers

Watch out for

Highest rate in the comparison
Early repayment charges up to 9% if you remortgage
Houses only, England and Wales only

Source: April price list of 16 September 2026 (rates last confirmed 20 October 2026) and No Deposit Key Features (ORBND0089 v1.1).

Indicative product criteria as at 22 October 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.