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The lowest deposit usually accepted by lenders is 5% of the property’s value.
For a £200,000 home, that works out to a £10,000 deposit.
These are often referred to as 95% loan-to-value mortgages. Low deposit mortgages in Bristol are popular with first-time buyers and those who might not have large savings, especially in a city where house prices can be challenging.
While a 5% deposit can get you on the ladder, increasing your deposit to 10% or more might open up a wider choice of lenders and better rates.
Our mortgage advisor in Bristol can help you explore what’s achievable based on your budget.
Yes, it’s definitely possible to get a mortgage with a small deposit.
There are several options for low deposit mortgages in Bristol, whether you’re buying a new-build or looking at an existing property.
Government-backed schemes like the Mortgage Guarantee Scheme have encouraged lenders to support 95% mortgages, while Deposit Unlock is aimed at buyers purchasing new-build homes.
If you’re unsure where to begin, it’s worth speaking with a expert mortgage broker in Bristol such as ourselves.
We’ll help you understand which lenders are offering these types of mortgages and what you might be eligible for.
They usually are, mortgages with smaller deposits often carry slightly higher interest rates because lenders see them as higher risk.
That said, plenty of competitive deals still exist for low deposit mortgages in Bristol, especially with the support of schemes that help reduce lender risk.
Even a small increase in your deposit can make a noticeable difference to the rate you’re offered.
With our expert mortgage advice in Bristol, we’ll know which lenders are offering the most competitive options for your deposit level, helping you compare what’s out there and plan for what your repayments could look like.
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Dan and Jonathan were both brilliant and kept me informed all the way after helping me find the product that was suitable for me. I wouldn't hesitate to use Moneyman again. We communicated by email and telephone.
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Anonymous
A bit of background - I was coming to the end of an interest only mortgage so sought advice on my options with the UKMoneyman and was introduced to Dan who was very helpful and went through my options of the different products and the pros and cons...
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Adam
Worth their weight in gold. Helped navigate a complex mortgage enquiry, we would have fallen at the first hurdle if we were applying on our own. Excellent response times and always kept us informed. Was on the fence about going with a broker at all...
1 year ago
James
Malcolm and his team are so helpful, from the first call I had to discuss options all the way to getting my mortgage offer today. Any query I've had they answered immediately and offered to talk through my options, my case worker Lizzi was...
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Jessica
Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
2 years ago
Anonymous
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
2 years ago
Eamonn
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the best mortgage on the market.
4 years ago
Not every lender offers these types of mortgages, especially at 95% loan-to-value.
Some are more cautious about risk, while others are happy to support low deposit mortgages in Bristol, particularly if you’re using a government-backed scheme.
It can be tricky knowing where to start, which is where speaking to one of our mortgage advisor in Bristol can help, they’ll know which lenders are currently active in this space.
They’re very popular with first-time buyers, but they’re not limited to them.
Home movers with limited equity from their current property may also be eligible.
Some low deposit mortgages in Bristol are open to anyone meeting the lender’s affordability checks and criteria.
Each case is different, so getting personalised mortgage advice in Bristol can make a real difference.
Yes, many lenders will accept a gifted deposit from a family member, provided it’s not a loan that needs repaying.
For low deposit mortgages in Bristol, this can help buyers bridge the gap if they’re close to having the full 5% deposit.
Lenders will usually want written confirmation of where the funds are coming from and that the gift is non-repayable.
There’s sometimes a bit more scrutiny involved, especially around income and credit history.
Because the lender is taking on more of the risk, they’ll want to be sure the repayments are affordable.
That said, many people do get approved, our team will give you the best chance of success by making sure your application is packaged in the right way.
Most types of properties are eligible, but some lenders have restrictions.
For example, flats above commercial premises or very old buildings might be trickier.
New-builds can be a good option, particularly if you’re using something like Deposit Unlock.
It could, but it’s mainly your income and outgoings that determine how much you can borrow.
That said, low deposit mortgages in Bristol often have stricter affordability checks.
Lenders may be a little more cautious with their calculations, especially if house prices are fluctuating.
Absolutely, in fact, many people start with a low deposit and then look to remortgage once they’ve built up some equity or house prices have gone up.
This could unlock better rates later on.
They don’t usually take longer than any other mortgage, but delays can happen if extra paperwork is needed or if the lender wants more detail on your financial situation.
Working with a mortgage broker in Bristol helps keep everything on track, we’ll keep things moving and chase up anything that’s slowing the process down.
Yes. Shared ownership and guarantor mortgages are two options that might suit your situation.
These don’t work for everyone, but they’re worth exploring if you’re struggling to meet the 5% deposit.
Once we understand your situation, we’ll explain what options are out there for low deposit mortgages in Bristol and which lenders are currently offering suitable deals.
You’ll get a clear picture of what’s possible based on your income, deposit, and property type.
Once we’ve worked through your numbers, we’ll help you secure an Agreement in Principle.
This shows estate agents and sellers that you’re serious and financially prepared.
It also gives you confidence to start viewing properties knowing your mortgage application is backed by a lender.
When you’ve found a place, we’ll handle the full application from start to finish.
Whether it’s dealing with the lender, chasing paperwork or working alongside your solicitor, our mortgage advisors in Bristol stay on top of everything so you don’t have to.
Once your mortgage offer is approved, you’re nearly there. We’ll help guide things through to completion and keep you updated along the way.
The aim is simple, to get you into your new home as smoothly as possible, with the right mortgage behind you.
We offer a free appointment with one of our mortgage advisors in Bristol, giving you the chance to ask questions and explore your options without any pressure.
Whether you’re just starting out or already house hunting, this is a great way to understand what you could borrow and what kind of deals are available with your deposit.
If your deposit is smaller, you need advice that’s tailored not off-the-shelf solutions.
We focus on low deposit mortgages in Bristol every day, and we know which lenders are more open to smaller deposits, how to structure an application properly, and how to improve your chances of being approved.
You won’t be passed around or left to figure things out on your own.
Our mortgage advisors in Bristol are here from your first enquiry all the way through to completion.
We’ll stay in touch, explain everything clearly, and take the pressure off when it comes to dealing with lenders and paperwork.
As a mortgage broker in Bristol, we work with a wide panel of lenders.
That means we can search across different deals and pick out the ones that work best for your deposit size, credit history, and long-term plans.
You won’t have to go from bank to bank, we’ll do the searching for you.
Bad credit doesn’t mean you have no chance of getting a mortgage.
Some lenders are open to working with applicants who’ve had financial problems in the past, particularly if your credit has been improving over time.
You may be expected to meet stricter affordability checks or pay a slightly higher rate, but there are options available.
Low deposit mortgages in Bristol are still possible, especially if your credit issues were minor or occurred a few years ago.
Being self-employed can sometimes make lenders ask more questions, especially if you’re applying with a small deposit.
You’ll usually need to show at least two years of accounts or tax returns to prove your income is steady.
The key is being prepared, having clear documentation and working with a mortgage broker in Bristol who knows which lenders are more open to self-employed applicants can make a big difference.
Having a CCJ on your record can feel like a big obstacle, but it doesn’t automatically rule out your chances.
Some lenders are willing to consider CCJs, particularly if they were settled a while ago or are relatively small in value.
Low deposit mortgages in Bristol may come with slightly higher interest rates in these cases, but if you can demonstrate financial stability since the CCJ, there’s still a route forward.
If your landlord has offered you the chance to buy the property you’re renting, it’s often possible to do so with a low deposit.
In some cases, the property might be valued slightly higher than the agreed purchase price, and lenders can use that difference as part of the deposit, this is known as a gifted equity arrangement.
Our mortgage advisors in Bristol often help tenants navigate these purchases, especially when it comes to making the figures stack up for the lender.
Using a gifted deposit is a common route for buyers in Bristol, especially when family members want to help out.
Most lenders are happy to accept this, provided the gift is non-repayable and the funds are coming from a close relative.
You’ll usually need a letter confirming it’s a gift, not a loan. When paired with low deposit mortgages in Bristol, this approach can be a helpful way to reach that all-important 5%.
Shared ownership is designed to make homeownership more accessible, especially if you’re on a modest income.
You buy a share of the property and pay rent on the rest, and many of these purchases only need a 5% deposit on the share you’re buying, not the full property price.
Mortgage advice in Bristol can be really useful here, as lenders each have their own criteria for shared ownership deals.
We’ll help you understand how much you can borrow and what your monthly costs could look like.
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Bristolmoneyman.com & Bristolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Bristolmoneyman 2025.
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Bristolmoneyman.com & Bristolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Bristolmoneyman 2025.
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