Standard 5-Year Fixed Zero Deposit Mortgage

DOWNLOAD STANDARD 5-YEAR FIXED ZERO DEPOSIT MORTGAGE

The Gable Mortgages 5-Year Fixed Standard Zero Deposit Mortgage is specifically designed for first or next-time buyers wishing to purchase a home. Tailored to meet the needs of ‘Generation Rent’, this mortgage product is aimed at customers who can manage their rent but find it hard to save for a deposit to buy a home, yet meet our lending criteria, and the product features are designed to support their needs. The product has been structured to enable the next generation of home buyers who have historically struggled to save for a deposit or get their foot onto the property ladder.

Maximum Loan to Value (LTV) 100% — Zero deposit required

Product Terms

Product Terms	Characteristics	Benefits
Fixed Rates	5-Year Fixed Rate at 6.29%	Help customers with budgeting.
Maximum Loan to Income (LTI) Ratio	Up to 4.49x income (or up to 5x for key workers, 5.5x for joint key workers and 4.5x for self-employed)	Ensuring comfortable affordability (subject to affordability checks).
Product Fees (Purchase Price)	£125k–£200k: £2,095.00 Over £200k–£300k: £2,995.00 Over £300k–£400k: £3,995.00 Over £400k–£500k: £4,995.00 Over £500k–£600k: £5,795.00 Over £600k–£800k: £7,895.00 Over £800k–£1m: £9,995.00	Product Fees are inclusive of VAT, payable upfront, and cannot be added to the loan. Our Product Fee is all-inclusive ensuring transparency and no additional hidden costs. (fees are subject to changes in market conditions)
Loan Limits	Min: £125,000 / Max: £1,000,000
Term	Up to 35 years (minimum term 5-years)	Longer terms to reduce monthly repayments.
Repayment Term	Capital and Interest repayment only	Build equity over term

Key Workers

Key workers include (but not limited to):

Armed Forces Personnel
NHS Clinicians (nurses, paramedics, doctors, etc.)
Firefighters
Teachers and childcare providers
Public Sector Teachers and University Lecturers
Police and Prison Officers
Bus Drivers

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Fees

Loans start from £125k up to £1m. Our fee structures are transparent and customers pay a product fee (based upon their loan size). We partner with Knights who act for us in all conveyancing work and who can also act for the customer. They also have a very clear and transparent fee structure, based upon how much is being borrowed and whether they will act solely for Gable Mortgages or for the customer as well. Your client is of course free to appoint their own conveyancer.