08/06/2026
5,000 deposit mortgage in the UK?
Halifax is now offering a product that allows some first-time buyers to purchase a home with just a £5,000 deposit.
This could improve UK housing affordability and help more people get onto the property ladder.
But there’s more to consider than the deposit.
With a higher loan-to-value (LTV) mortgage, buyers may face:
• Higher interest rates
• Larger monthly repayments
• Less equity in the property
• Greater exposure to market changes
The real question isn’t just:
Can you save £5,000?
It’s:
Can you afford the mortgage long-term?
Because in today’s UK property market, affordability is about more than just the deposit, it’s about sustainability.
Is this a game changer for first-time buyers in the UK, or a risk people aren’t talking about enough?