Generation Rent to Generation Able
Gable Mortgages recognises that a growing number of prospective homeowners are finding it challenging to save for a deposit. The rise in the cost of living, increasing house prices, as well as expensive private renting costs can limit the ability to save for a deposit and the costs associated with purchasing a home.
On a mission to make home ownership more accessible for first time buyers looking to get on the property ladder, Gable Mortgages offer a range of mortgage products without the need for a traditional deposit. Our products are also available to next time buyers.
All applications are subject to eligibility criteria, credit assessment, and affordability checks.
Gable Mortgages only accept applications submitted through regulated Mortgage Brokers and Mortgage Advisers who are registered with us. If you have not yet chosen a Mortgage Intermediary, you can find one via Unbiased: www.unbiased.co.uk
If you are a Mortgage Intermediary and wish to register your interest in working with Gable Mortgages, please contact us at: intermediaries@gablemortgages.com
Our Approach
Gable Mortgages is committed to:
- Clear and straightforward terms
- Responsible lending practices
- Collaborative relationships with our mortgage partners
- Supporting a wide range of customer circumstances, where appropriate
We will be working closely with Mortgage Intermediaries to provide innovative products to help customers reach their financial goals.
Who We Aim to Support
Gable Mortgages will support a broad range of customers, which may include:
- First-time buyers who may find it difficult to save for a full deposit and associated moving costs
- Home movers with changes in circumstances
- Employed and self-employed applicants, including key workers
Eligibility will depend on individual circumstances at the point of application.
Our Products
Gable Mortgages are developing a range of residential mortgage products, including Zero Deposit 100% loan-to-value (LTV) mortgages, where no customer deposit is required.
These products are intended for customers who meet specific eligibility criteria and can demonstrate that the mortgage is affordable and suitable for their circumstances.
Key Features
Our products include a number of features designed to support different customer needs, such as:
- No customer deposit requirement
- Eligible applicants will be able to access a mortgage without providing a deposit, subject to lending criteria and property suitability.
- Fixed rate stability
- Products offer fixed interest rates for an initial five-year period, providing certainty over monthly payments during that time.
- Structured affordability approach
- Applications are assessed using a combination of standard income verification and a broader review of individual financial circumstances.
- Eligibility enhancements for key workers
- Additional Loan-to-Income flexibility in affordability assessments for key workers, subject to defined criteria.
- Overpayment flexibility
- Customers have the option to make overpayments within agreed limits without incurring early repayment charges, subject to product terms.
- Clear product structure
- Products are designed to have straightforward terms, including defined fixed rate periods and transparent reversion rates following the initial fixed term.
Full product details, including interest rates, fees, and criteria, will be made available at launch.
Important Risks and Considerations
Mortgages with a high loan-to-value ratio, including 100% LTV mortgages, carry additional risks that customers should carefully consider:
Negative Equity Risk:
If property values fall, you may owe more on your mortgage than your property is worth.
Reduced Flexibility:
High LTV mortgages may limit your ability to remortgage or move home in the future.
Affordability Pressure:
Changes in interest rates or personal circumstances may impact your ability to maintain repayments.
You should discuss these risks with your chosen Mortgage Broker or Mortgage Adviser to ensure that you fully understand them before proceeding with any mortgage application.
Important Information
This website is for general information purposes only and does not constitute financial advice or an offer to lend.
You should seek independent financial advice before making any decisions relating to a mortgage.
You cannot apply to us directly but speak to your trusted Mortgage Intermediary to find out how a Gable Mortgage could help you. If you have not yet chosen a Mortgage Intermediary, you can find one via Unbiased here: www.unbiased.co.uk
Your home may be repossessed if you don’t keep up your mortgage repayments.
Gable Mortgages is a trading name of Gemini Consultants Limited (Company Registration No. 02088382) and is authorised and regulated by the Financial Conduct Authority (FCA Registration No. 311479). Registered office: AW House, 6–8 Stuart Street, Luton, LU1 2SJ.
Contact details
For general enquiries: help@gablemortgages.com
For Mortgage Intermediaries: intermediaries@gablemortgages.com
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