Zero-deposit mortgages for first-time home buyers
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Get more information and updates from Ashberry Homes regarding this development via:
Receive updates about other nearby developments from Ashberry Homes and sister brand Bellway Homes, as well as related products and news.
Please note that your details will be shared with our on-site sales advisors, who will contact you to discuss your interest in our homes.
If you’re a first-time buyer struggling to save money for your mortgage deposit, a zero-deposit mortgage could be the shortcut you’ve been waiting for to your new Ashberry home.
Thanks to schemes and housebuilder incentives, you could get on the property ladder with no deposit – here's everything you need to know.
As the name suggests, a zero-deposit mortgage doesn’t require you to put down a deposit upfront. That cuts out the tedious saving process and gets you into your first home sooner.
No-deposit mortgages like Track Record can be brilliant for first-time buyers who are currently renting and finding it hard to save for a deposit at the same time. Another zero-deposit mortgage option is combining a low-deposit mortgage with a housebuilder deposit contribution, which together covers 100% of the home’s value.
Every individual mortgage product works differently so it’s important to explore your options. When you buy an Ashberry home you can work with an independent mortgage advisor for free*, who will find the mortgage products that are right for you.
A zero-deposit mortgage could be a great idea for you, if you want to:
There’s no such thing as a one-size-fits-all mortgage, and zero-deposit mortgages are just one avenue you can explore for buying your first home. An independent mortgage advisor can look at your circumstances and work with you to find the most suitable options for you.
If you’re ready to explore zero-deposit mortgages right now, here are two exciting options for you to consider. The mortgage market is always changing and products come and go, and an independent mortgage advisor can help you to explore all your routes towards buying your first home.
At many Ashberry developments, we offer a deposit contribution of up to 5% on selected new homes. You could combine this incentive with a 95% mortgage and then that’s the entire cost of your new home covered. No deposit saving stress, just the excitement of buying your first home, maybe even sooner than you thought.
Perenna is among the lenders who are currently offering 95% mortgages and you can only access their products through an independent mortgage advisor. If you’d like to explore this option, your Ashberry sales advisor can put you in touch with one of our panel of trusted mortgage experts who will walk you through the next steps.
Saving for a mortgage deposit, while paying rent? You might as well try juggling whilst standing on your head, although that might be easier. Skipton Building Society has recognised the struggle that renters face with the Track Record 100% mortgage, a deposit-free product that’s exclusively for people who want to get out of renting and onto the property ladder.
You’ll need to be aged 21 or over, have rented a property for at least a year within the last 18 months, and be a first-time buyer or not owned a home for three years. If you do have a small deposit saved you can put it down, provided it isn’t more than 5%.