TL;DR - Quick Answer
Many lenders offer mortgages with just 5-10% deposit, though criteria are stricter than higher deposit products. You'll need a clean credit history, stable income, and the property must meet lender requirements. Government schemes like Shared Ownership can also help with smaller deposits.
Key Points
- 5% deposit (95% LTV) mortgages available from many mainstream lenders
- Clean credit history usually required for highest LTV products
- Maximum borrowing may be lower than with larger deposits
- New build properties often capped at 85% LTV
- Guarantor mortgages can enable 100% borrowing
- Shared Ownership reduces deposit needed for your share
Lender Examples
How different lenders approach this scenario
| Lender Type | Accepts | Notes |
|---|---|---|
| High Street Banks | 5% deposit with clean credit | Strict affordability, no adverse credit |
| Building Societies | 5-10% deposit | May be more flexible on income types |
| Specialist Lenders | 10% minimum usually | May accept some adverse credit at 85% LTV |
| Guarantor Products | 0% personal deposit | Family member provides security |
| Shared Ownership | 5% of your share | Government-backed scheme |
Frequently Asked Questions
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