STOP RENTING. OWN YOUR HOME.

No, this type of landlord discounted no deposit mortgage does not apply to all tenants. Just like a normal mortgage, you will have to satisfy a lender's criteria and your income will be verified to ensure you can comfortably manage the monthly mortgage payments. To pass our brokers' initial pre-screening, applicants typically need: Verifiable Income: Being in permanent, full-time employment, or having at least 12–24 months of stable self-employed tax history. Credit Profile: The higher the credit score the more likely it is that a lender will grant a mortgage, although some lenders may consider applicants with lower credit scores the interest rate will usually be higher. An Active Tenancy: You must currently be renting the property from the landlord who is offering the discount. The discounted no deposit process cannot be used on any property other than the one being rented. However, once a rented property is purchased it can be sold (usually after 6 months) and the funds used to buy a property of your choice. Remember also, that if you take on a mortgage and fail to keep up with repayments that your home may be at risk of repossession.

Every single lender on our brokers' panels is a fully regulated, mainstream financial institution.  When an application is processed, it is routed through the exact same established institutions that the rest of the UK uses to buy property. The lender mix includes: Major High Street Banks: The household names you see on every UK high street and use for your everyday current accounts. Leading UK Building Societies: Trusted, member-owned institutions that have been helping British families buy homes for over a hundred years. Specialist Residential Lenders: Well-established, corporate financial institutions that specialize exclusively in complex or modern mortgages (like landlord discount funded deposits) that standard high-street algorithms sometimes miss.

No deposit mortgages are based on the landlord offering you a 10% discount on an independent valuation. However, landlords may not want to sell or may offer a discount of less than 10%, if that is the case you may be required to contribute the difference to top up the deposit. It is also worth noting that, subject to your financial status and credit profile, some specialized lenders may accept a 5% discount as the total contribution to the deposit.

It sounds unusual, but in the 2026 market, it is a strategic and cost effective move for many landlords. To evict a tenant and list a vacant property on the open market currently takes an average of over 68 weeks due to extended tenants notice periods, court backlogs and the administrative hurdles of the Renters' Rights Act. By selling to you at a discount, the landlord avoids: Up to two years of delays, uncertainty and financial risk including... Thousands of pounds in lost rental income, vacant property Council Tax & utility bills, estate agent commissions and legal fees. Plus, in today's relatively flat property market the landlord may not achieve the full asking price even when selling with vacant possession to a home buyer.. The "re-letting ban" that prevents them from renting the property out again if a standard sale falls through. This is a big risk as on average 1 in 3 estate agent sales collapse. So, for many landlords, giving you a 10% discount is actually cheaper and faster than selling the property tenanted to another investor or going through the eviction process and selling on the open market where chains often break down.

The valuation is not a guess made by the landlord or an estate agent’s "asking price." or what you believe it is worth. It is determined by an independent RICS-qualified surveyor. They conduct a thorough inspection of the property and compare it to similar homes sold in your local area recently. This ensures the price is fair and accurate. The mortgage lender then uses this professional figure to calculate the equity "gift"—for example, if the surveyor values the home at £250,000 and your landlord sells it to you for £225,000, that £25,000 difference is legally recognized as your 10% deposit.

Yes, while the discount can cover your deposit, you will still need to budget for the standard costs associated with any property purchase. Even in a "no deposit" scenario, you will typically be responsible for: Solicitors’ Fees: You will need your own independent legal representation to handle the conveyancing, contracts, and transfer of title. Mortgage Arrangement Fees: Some lenders charge an application or product fee, though these can often be added to the mortgage balance rather than paid upfront. Survey and Valuation Fees: While the mortgage lender will conduct a valuation, you may choose to pay for a more detailed structural survey for your own peace of mind. Stamp Duty: Depending on the purchase price and your status as a first-time buyer, Stamp Duty Land Tax (SDLT) may be applicable.

This is a common question. The simple answer is you can't use the no deposit discount funded way to buy any home you want - lenders will only allow a discount to be used as a deposit if there is a current relationship between the buyer and seller ie., between a landlord and tenant. However, you can use the no deposit method as a stepping stone to buy the house you want. This is how... You buy your existing home with a no deposit method and then after 6 months (many lenders require a minimum period of ownership before they will provide a mortgage to a new buyer) you can then sell it and use the equity you have to fund a deposit on the home you want to buy. The Strategy: Use Your Current Home as a Stepping Stone Buying the home you already live in is the fastest way to stop paying rent and start building wealth. Even if it isn’t your "forever home," the financial advantages are significant: Bank the Equity: Because you start with up to 10% equity gifted from your landlord, that money becomes yours the moment you complete the purchase.   £10,000-£30,000+ Is Yours: Let's say your rental property is valued at £200,000 and the landlord agrees a sale at a 10% discount ie., £180,000. When you sell for £200,000 and repay the mortgage you bank £20,000 (less any settlement charges on the mortgage). The higher the value of the property, the bigger the amount you bank on selling. Buy your dream home with a 95% Mortgage: There are now over 500 95% mortgages available from lenders. So, if you buy a new £200,000 home you only need a £10,000 deposit - but you will have banked up to £20,000 from the sale of your former rented property. That leaves you with money to spare to fund your removal expenses, decoration, furniture etc., in your new home. Buy a bigger better home: If you upscale to a £250,000 home a 95% mortgage still only needs a £12,500 deposit. That still leaves you with money to spare from the c£20,000 you banked from your sale. Capture the Growth: Once you are the owner, any rise in property value belongs to you, not your landlord.   Even after just 6 months, or if you wait for a year before selling, the value of the £200,000 home in our example may have risen. That extra value is yours and goes towards funding and furnishing your new home - or a well deserved holiday. Use a landlord funded no deposit mortgage as a stepping stone to the home you've dreamed of. Remember; once you own your current home you are in control of the property, not your landlord.

There may be restrictions on selling within the first 6 months, as many lenders require a minimum period of ownership before a new buyer can secure a mortgage against the property. However, once you are in a position to sell, the financial benefits are significant: Immediate 10% Equity: Because you bought at a discount, you start with a 10% equity stake that belongs to you from day one. Capture Future Growth: Any rise in property value from the moment you complete the purchase belongs entirely to you, not your landlord. A Stepping Stone: You can use that built-up equity as a deposit to move into a larger home or a different area that better suits your lifestyle in the future.

Yes. Once you have completed the purchase and the 6-month lender restriction period has passed, the property is yours to sell on the open market. Because you started with an immediate 10% equity stake—plus any increase in property value during the time you owned it—selling allows you to "bank" that cash. Whether you choose to use that money to move into a different home or return to renting with a significant financial cushion for lifestyle purposes is entirely up to you.

Whether your mortgage will cost more than your current rent depends on your specific property and location. However in the current 2026 market, many homeowners are actually finding it cheaper to buy than to rent.   Potential Savings: Recent data shows that, on average, UK homeowners can save nearly £500 per month compared to tenants, with savings rising to almost £1,000 per month in areas like London.   The "Affordability Paradox": While mortgage rates have risen recently—with some fixed rates surging above 5%—the cost of renting has also climbed sharply, often consuming over 45% of take-home pay for average households.   Regional Differences: In some cases, such as new mortgage agreements in early 2024, repayments have briefly averaged higher than rents due to sharp interest rate spikes. However, in many regions, the "buy vs. rent" calculation still leans heavily in favor of buying.   Interest Rate Trends: The Bank of England recently held interest rates steady as they monitor inflation, which means mortgage costs are relatively stable for now, while rents in many areas continue to be pushed higher by low supply.   Ultimately, because your landlord's discount covers your deposit, you are borrowing less than you would on the open market, which naturally helps keep your monthly mortgage payments as competitive as possible.

While this path offers a unique way to escape the rental trap, there are a few practical factors to consider before moving forward that apply to all homeowners: Financial Responsibility: As an owner, you are responsible for all maintenance, repairs, and building insurance, which were previously the landlord's obligation. Variable Costs: Unlike fixed rent, mortgage rates can fluctuate depending on the product you choose, and you will need to budget for the standard legal and arrangement fees mentioned above. Market Fluctuations: While you start with 10% equity, if property prices in your area were to fall significantly, the value of that equity could decrease. Lender Criteria: You must maintain full-time employment to meet lender approval, and any significant changes to your financial status could affect your ability to secure the loan.

It is vital to have everything professionally prepared before contacting your landlord. We aim to have lenders available by the end of June 2026, and we strongly advise that you do not approach your landlord until you have been given a mortgage Decision in Principle (DIP)  by our brokers. To obtain a DIP our brokers will take employment and salary details and do a 'soft' credit search to establish if you meet the criteria for a mortgage. Note: you do not need a perfect credit score to qualify as some lenders will still offer mortgages although the rate may be higher. Approaching your landlord with a DIP in hand changes the dynamic; you aren't just a tenant making an inquiry—you are a qualified buyer with proof that you have the financing ready to complete the purchase. The step by step approach: Get Your Decision in Principle (DIP): Apply through Tenant Mortgages once our lenders are live. This document confirms the amount a lender is prepared to let you borrow. Use Our Template Letter: Once your DIP is approved, we will provide you with a professional template letter to send to your landlord. This letter is designed to be direct and professional, clearly stating: Your intent to purchase the property directly. Confirmation that you have an agreed mortgage in principle. The specific discount terms required for the lender to use as your deposit. A breakdown of how this benefits them by avoiding the two-year "exit trap," court fees, and estate agent commissions. Landlord Agreement: Once your landlord agrees to the discount terms, the path is clear to move forward. Valuation & Processing: You then simply speak to our brokers to arrange the independent valuation and officially commence the sale proceedings. By waiting until you have a mortgage decision, you offer your landlord a guaranteed, fast exit from a market that is becoming increasingly difficult for them to navigate.

To register for advance notice of our no-deposit mortgage service, just add your name and email to the registration form above. By registering, you will receive immediate notification as soon as our lending panel is available and we are ready to begin processing applications. This ensures you are among the first to receive your Decision in Principle, allowing you to approach your landlord with a formal offer while the service is at peak availability. We expect mortgage applications will open before the end of June 2026. PS. Please don't register if you or your partner are not in full time employment. Unfortunately, you will not qualify for a mortgage.