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🤖 AI Mortgage Conference 2025
📅 Tuesday, 21st October 2025
9:30 AM – 3:00 PM (UK Time)
📍 Central London
🎯 Exclusive for Mortgage Brokers
📊 AI Tools & Strategies for Brokers

How Much Deposit Do You Need as a Skilled Worker to Get a Mortgage in the UK?

By c-admin

Video Transcript

Hi, I’m Ifthikar Muhammad. I came to the UK a few years ago, bought my first property, and now I help others do the same. Over the years, I’ve helped more than 4,000 people successfully get their mortgage applications approved.

Let’s dive into your biggest question — “How much deposit do I need as a skilled worker to buy my first home in the UK?”

Q1: Is there a 0% deposit mortgage available?

Yes — there is one lender in the UK who offers a 0% deposit mortgage. But before you get too excited, here’s the reality:

  • The success rate for foreign nationals is only about 5%.
  • You’ll need an impeccable credit score — no exceptions.
  • You should have lived in the UK for a decent period of time and built a solid credit history.
  • If you’re new to the UK or your credit file is thin, your chances with this lender are quite low.

So while it’s possible, it’s not the most reliable option.

Q2: What is a Shared Ownership Scheme, and how can it help?

This is a hidden gem in the mortgage world. A Shared Ownership Scheme allows you to buy a property jointly with a housing association.

Here’s how it works:

  • You buy a share of the property (e.g., 25%) and pay rent on the remaining share owned by the housing association.
  • You only need to pay a deposit on your share.

Example:

  • Property price: £100,000
  • Your share: 25% (£25,000)
  • Deposit: 10% of £25,000 = £2,500

That’s effectively just a 2.5% deposit of the total property price — a great way to get on the property ladder if you don’t have a large deposit saved.

(There are pros and cons, but it’s worth exploring if affordability is your biggest hurdle.)

Q3: What about 5%, 10%, or higher deposits?

5% Deposit: Possible if you have a good credit score and have lived in the UK for a reasonable time. A few lenders offer this option.
10% Deposit: This is the most common and safer option. Many more lenders will consider your application at this level.
15%–25% Deposit: The higher your deposit, the more lenders will be willing to work with you — and the better mortgage rates you’ll get.
With a 25% deposit, almost every lender will view you very favourably.

Q4: Apart from deposit, what else do lenders look for?

Deposit is just one part of the equation. Lenders also assess:

  • Your credit score and history
  • Your length of stay in the UK
  • Your employment type and visa status
  • Your income stability and existing debts

Having a strong financial profile makes a big difference to your approval chances.

Final Thoughts

If you’re a skilled worker dreaming of buying your first UK home, remember:

  • 0% deposit mortgages exist but are very hard to get.
  • Shared ownership can be a smart entry point.
  • 5–10% deposits open up real opportunities.
  • 15–25% deposits give you the best lender choice and rates.

Want Guidance?

If you want step-by-step help, join my Mortgage Mentor Scheme — where I personally guide you through every stage of your UK property journey.

I’ll share more details in the comments below. And don’t forget to subscribe to our channel for more tips on buying your first UK home.