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Home » Services » Mortgage Services » Zero Deposit Mortgages » Alternatives to Zero Deposit Mortgages

Alternatives to Zero Deposit Mortgages

Ciarán Power

Last Updated: February 2nd, 2024 at 6:40 pm

Table Of Contents


While Zero Deposit Mortgages provide an avenue for homeownership without a substantial upfront deposit, they may not suit everyone’s circumstances. This guide explores alternative options for those looking to buy a home without a traditional deposit.

Why Look for Alternatives?

Alternatives to Zero Deposit Mortgages can offer more flexibility or better financial terms. For buyers who may struggle with higher interest rates or stringent eligibility criteria of Zero Deposit Mortgages, exploring other options can prove beneficial.

Guarantor Mortgages

A Guarantor Mortgage involves a family member or close associate who agrees to guarantee your mortgage repayments. If you’re unable to meet your payment obligations, the guarantor will be responsible. This can be a viable option for those with limited deposits or less robust credit histories.

Family Deposit Mortgages

Family Deposit Mortgages allow family members to assist with your home purchase. They can either gift a deposit, provide it as a loan, or place their savings in a linked account as security against the mortgage. This can significantly lower the barriers to securing a favorable mortgage.

Adjusting Your Plans

Sometimes, adjusting your home-buying strategy can be the key. This might involve looking for properties in a lower price range, considering different locations, or saving for a longer period to accumulate a larger deposit. Government schemes, such as shared ownership, or saving vehicles such as Lifetime ISAs, can also offer pathways to homeownership.


Exploring alternatives to Zero Deposit Mortgages can open different doors to buying a home. Each option comes with its own set of benefits and considerations, so it’s crucial to evaluate them in line with your financial situation and long-term goals. For tailored advice and guidance on navigating these alternatives, the team at Green Mortgages is here to help.

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