Sales of 100% mortgages reached a five-year high last year, with the North West and South West the most popular regions for no-deposit home loans.
In the first three quarters of 2025 (January to September), no down payment mortgage sales reached a five-year high of 574.
This is evident from the latest available data from the Financial Conduct Authority – obtained through a Freedom of Information (FOI) request filed by Compare the Market.
In 2021, the turnover was 100% The number of mortgages reached 452 before falling to 135 in 2022 – the year of former Chancellor Kwasi Kwarteng’s mini-budget.
No-deposit mortgages have been on the rise since then, with 248 registered in 2023, 423 in 2024 and 574 in just nine months of 2025.
Regions with the highest sales volumes in the first three quarters of 2025 were the North West and South West, followed by East Midlands and Yorkshire & Humber.
| 2021 | 2022 | 2023 | 2024 | 2025 (excluding Q4) | |
| Number of 100% mortgage sales | 452 | 135 | 248 | 423 | 574 |
| Region | Number of 100% mortgage sales in the first three quarters of 2025 (January to September) |
| Central and Greater London | 26 |
| East Midlands | 67 |
| Eastern | 54 |
| North-East | 34 |
| North West | 76 |
| Northern Ireland | 0 |
| Scotland | 64 |
| Southeast | 38 |
| South West | 76 |
| Wales | 26 |
| West Midlands | 45 |
| Yorkshire and The Humber | 67 |
| Unknown regions | 1 |
Compare the Market money expert Charlie Evans said: “The rise in zero deposit mortgages is symptomatic of a market where many buyers are finding it increasingly difficult to save as rents, household bills and everyday costs continue to eat into disposable income.
“While 100% mortgages can remove the barrier of a deposit, they often come with higher rates – and even a 5% deposit can help save borrowers almost £30,000 in the long term. As always, it comes down to individual circumstances, so it’s crucial that you shop around for a competitive deal.”
L&C associate director David Hollingworth said: “Lenders have increasingly tried to tackle the challenges faced by first-time buyers. Saving for a deposit is certainly not easy, especially when combined with higher rents and living costs.
“The greater availability of mortgages for people with small or no deposits could help increase the opportunity to buy more quickly.
“If it is possible to raise a deposit, it will help to widen mortgage choices and improve the interest rates on offer.”