A 100% mortgage is a type of home loan where you borrow the full amount of the property you are purchasing. If the home costs £150,000, you would borrow £150,000. Banks and building societies normally insist on at least a 5% deposit before they agree to lend you the remainder, but these mortgage terms are designed to help renters and first-time buyers get onto the property ladder., 95% Mortgages: From today (19 April) first time buyers will be able to purchase a home with only a 5% deposit. The scheme will help to increase the supply of 5% deposit mortgages for credit-worthy , The First Time Buyer Boost mortgage can’t be used with affordable home ownership schemes, such as shared equity, shared ownership, mortgage guarantee scheme, or our Lend a Hand Mortgage. You could lose your home if you don’t keep up your mortgage repayments, Buying a home has become harder than ever – and we get how frustrating this must be for you as a first-time buyer. So, after supporting 19,000 first-time buyers in 2023, we want to give you the opportunity to own your first home. To help you onto the property ladder, we’re knocking down some of the barriers you might be facing right now., First-Time Buyer Mortgage Advice: What You Need to Know How Much Can You Borrow as a First-Time Buyer? UK lenders typically offer between 4 and 4.5 times your income, though this can vary depending on your credit profile, debts, and monthly outgoings., .