The lender said the launch was in “direct response” to “unaffordable” deposit requirements for prospective buyers.
Chris Eaton (pictured), co-CEO of Gable Group, said: “We are seeking to support prospective homeowners across the UK for whom rising house prices and deposit requirements have made homeownership more difficult to achieve.”
A 100% LTV product is available on selected Barratt Redrow properties, starting at 6.4%.
The standard five-year fixed zero-deposit mortgage is priced at 6.6%, open to both first- and next-time buyers.
Eaton added: “Changes in the private rented sector, including those associated with the Renters’ Rights Act, together with increases in living costs, utility bills and wider global financial market conditions, can materially impact an individual’s ability to save for a deposit.
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“Against this evolving backdrop, Gable Mortgages believes lenders have an important role in developing responsible solutions for aspiring homeowners. Our 100% LTV product range combines fixed rate certainty, competitive rates and a disciplined underwriting approach, helping eligible, creditworthy customers to access homeownership without the need for a traditional deposit.”
