# No deposit, no problem: the new 100% mortgages for first-time buyers

- URL: https://talkfuse.com/story/no-deposit-no-problem-the-new-100-mortgages-for-first-time-buyers/
- Published: 2026-07-17T06:00:01+00:00
- Updated: 2026-07-17T06:12:34+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/money/2026/jul/17/first-time-buyers-mortgage-loans-banks-building-societies
- Topics: Art, Business, Celebrity, Culture, Entertainment

## Key points

- Metro Bank joins Lloyds in offering 100% mortgages for first-time buyers.
- Santander, Skipton and Yorkshire also offer low- or no-deposit deals.
- Joint borrower, sole proprietor loans let others boost your borrowing power.

## Summary

More UK lenders are offering mortgages requiring only a small deposit, or none at all, as banks and building societies relax affordability rules to help first-time buyers onto the property ladder. Metro Bank has become the latest high street lender to offer a deal allowing eligible first-timers to borrow up to 100% of a property's value, following a similar move by Lloyds, in a revival of a type of lending largely abandoned after the 2008 financial crisis.

Lloyds' deal, launched in May, requires a minimum deposit of just £5,000 (a loan-to-value just over 98%) at 5.89% on a five-year fix, but is capped at properties worth £300,000, limiting its use in pricier areas. Santander offers up to 98% loan-to-value at 5.49% on homes up to £500,000 with a £10,000 minimum deposit, while Skipton and Yorkshire building societies allow borrowing up to 100% and 99% respectively, aimed particularly at renters. Brokers also note growing availability of "joint borrower, sole proprietor" mortgages, which let a relative or friend's income boost affordability without giving them legal ownership, though all named borrowers remain jointly liable for repayments.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.