09/03/2026
🏡 Mortgage Myth Monday
❌ MYTH: You need a large deposit to buy a home.
✅ FACT: In some situations, you may be able to buy a home with NO deposit.
Many people assume they need to save tens of thousands before they can even think about buying. But depending on your circumstances, there are options that could allow you to get onto the property ladder without a traditional deposit.
Examples may include:
• Using a guarantor (often a family member)
• Certain lender products designed for specific situations
• Government schemes that help eligible buyers
• Renting for a minimum 12 months
The key is understanding what options are available to you and which lenders will support them.
If you’ve been putting off buying because you think you need a huge deposit, it may be worth having a conversation.
