No Money Down House: How to Buy Without a Down Payment
Buying a no money down house, a property purchased without an upfront cash deposit. Also known as zero down payment home, it’s not a myth—it’s a real option for certain buyers in the UK, especially first-timers with strong income or government-backed support. You don’t need 10%, 5%, or even 1% saved up to walk into a home. But there’s a catch: lenders don’t give you a house for free. They shift the risk—through higher interest rates, mortgage insurance, or strict income rules. And not everyone qualifies.
Most first time homebuyer, someone purchasing their first residential property in the UK programs don’t require a deposit if you meet income limits, complete homebuyer education, or use a government scheme like Help to Buy (where still available) or shared ownership. But these aren’t loopholes. They’re structured paths with rules. For example, some lenders let you borrow 100% of the home’s value if your credit score is above 700 and your debt-to-income ratio is under 40%. Others tie it to your job—teachers, nurses, and public sector workers often get special deals. And if you’re buying in a low-demand area, sellers might even cover your closing costs.
What you’re really buying with a home loan without deposit, a mortgage approved without a cash down payment isn’t just bricks and mortar—it’s long-term financial responsibility. You’ll pay more in interest over time. You’ll have less equity to tap into if life changes. And if the market drops, you could owe more than your home is worth. But for many, it’s the only way to get started. The goal isn’t to avoid saving—it’s to use smarter tools so saving doesn’t block your path.
Below, you’ll find real stories and data from people who bought homes with little or no money down. Some used shared ownership. Others qualified for local grants. A few got lucky with seller concessions. None of them had a pile of cash. But they all understood the trade-offs. You will too.
