Low Deposit Mortgage Options
Get on the Property Ladder with as Little as 5% Deposit
A small deposit doesn't have to mean missing out on homeownership. We help buyers with 5% or 10% deposits access competitive mortgage products and government schemes to make their property purchase a reality.
Step By Step Financial Solutions provides specialist advice on all low deposit mortgage routes—from Mortgage Guarantee Scheme products and family-assisted mortgages to Shared Ownership, First Homes, and Deposit Unlock. Our whole-of-market approach means you see every available option, not just a limited selection.
Your Low Deposit Mortgage Routes
Multiple pathways exist for buyers with limited deposits. The right route depends on your income, property type, credit history, and whether government schemes apply to your situation.
5% Deposit Standard
95% LTV products supported by the Mortgage Guarantee Scheme, available for purchases up to £600,000.
Family-Assisted
Springboard mortgages and JBSP options using family savings or income to enable 100% or 95% borrowing.
Government Schemes
Shared Ownership, First Homes, and Right to Buy can significantly reduce the cash deposit required.
Gifted Deposit
Parental or family gifts accepted by most lenders, with straightforward documentation requirements we manage for you.
Why Professional Advice Matters for Low Deposit Mortgages
Low deposit mortgage applications face higher lender scrutiny and stricter affordability assessments. Expert guidance ensures your application is positioned correctly to maximise approval chances and secure the most competitive rate available.
Wider Lender Access
Many 95% LTV products are only available through brokers. Our whole-of-market access ensures you don't miss exclusive deals.
Scheme Expertise
We navigate complex eligibility rules for Mortgage Guarantee Scheme, First Homes, Deposit Unlock, and other low deposit initiatives.
Credit Profile Optimisation
We advise on presenting your application in the best light to low deposit lenders who apply rigorous credit checks.
Full Cost Comparison
We compare rates, fees, and cashback across all products—not just headline rates—to find your genuinely best deal.
Gifted Deposit Support
We handle all gifted deposit documentation requirements, ensuring lenders accept your deposit source without complications.
Future Equity Planning
We advise on building equity quickly to access better rates at your first remortgage, typically 2–5 years after purchase.
Low deposit borrowers are among the groups that benefit most from professional mortgage advice. The difference between the right and wrong lender choice at 95% LTV can amount to thousands of pounds in additional interest over your mortgage term.
Top 10 Low Deposit Mortgage Products
95% LTV Fixed Rate Mortgages
5% deposit purchase products available to first-time buyers and home movers, including Mortgage Guarantee Scheme-backed options.
90% LTV Competitive Rate Products
10% deposit mortgages offering improved rates over 95% LTV, with wider lender availability and more flexible criteria.
Family Springboard Mortgages
Family-assisted products where a relative places savings as security, enabling 100% borrowing without a traditional deposit.
Joint Borrower Sole Proprietor Mortgages
Use a family member's income to increase borrowing power while maintaining sole ownership of the property.
Shared Ownership Low Deposit Options
5% deposit on your share of a shared ownership property—a smaller cash sum for buyers with limited savings.
Right to Buy Using Discount as Deposit
Council and housing association tenants can use the RTB discount as their deposit, requiring zero or minimal cash upfront.
First Homes Scheme Mortgages
Access mortgages on properties with 30–50% First Homes discounts—effectively reducing deposit requirements significantly.
Deposit Unlock Scheme Products
New build-specific products enabling 5% deposit purchases without a government equity loan.
Lifetime ISA-Boosted Deposits
We help maximise your Lifetime ISA 25% government bonus alongside competitive 90–95% LTV mortgage products.
Specialist Adverse Credit Low Deposit
Access to lenders offering higher LTV products for buyers with minor credit issues—subject to circumstances.
Our Low Deposit Mortgage Process
Deposit and Affordability Assessment
We review your current savings, income, and any available gifted deposit funds. Understanding your full financial picture allows us to identify the optimal LTV for your application and determine which low deposit products and government schemes you qualify for.
Scheme and Product Identification
We compare all available low deposit mortgage options across the whole market—including Mortgage Guarantee Scheme products, shared ownership, First Homes, Deposit Unlock, and family-assisted mortgages—to identify the best route for your circumstances.
Application and Agreement in Principle
We prepare your mortgage application to maximise approval chances with low deposit lenders, who apply stricter affordability criteria. Our experience with high LTV applications ensures your documentation and financial presentation meet lender requirements.
Completion and Future Planning
We support you through to completion and provide guidance on building equity over time, improving your LTV for future remortgage options, and planning for your next property move with an improved financial position.
Client Testimonials
"With only a 5% deposit saved, I thought I'd be renting for years. The team found me a Mortgage Guarantee Scheme product and we completed on my first home within three months."
Laura P.
First Time Buyer, Hampshire
"My parents gifted me part of my deposit and the team handled all the documentation seamlessly. Their whole-of-market search found us a much better 90% LTV rate than I'd seen online."
Ben and Sophie M.
First Time Buyers, London
"I didn't know about the Deposit Unlock scheme until my consultation. It meant I could buy the new build I wanted with just 5% deposit and no equity loan attached."
Emma K.
New Build Buyer, Surrey
Frequently Asked Questions
Start Your Property Journey with a Small Deposit
Expert Low Deposit Mortgage Guidance
Don't let a small deposit hold you back. Our advisers will explore every available route to homeownership for your circumstances and find the most competitive product available. Book your free consultation today.
Specialist advice · Whole-of-market access · Transparent £395 fee · Hampshire, London & nationwide