Related topic: Deposit

New data from Mojo Mortgages’ First-Time Buyer Sentiment Survey 2026 has underlined the personal sacrifices made by FTBs to hit deposit goals.

Previously, the Bank required customers who were buying a property in this way to contribute a minimum 5% deposit from their own personal funds.

Mortgage Advice Bureau has found that 4 in 5 buyers are unaware of low deposit options and alternative mortgage products.

The mortgage is available to first-time buyers on homes up to £300,000.

Home hustles considered range from gardening (20%) and selling personalised items (19%) through to peddling used socks or even becoming a ‘social media witch’.

The North West and the South West are the most popular regions for zero-deposit home loans.

Buyers are looking for higher paying jobs (40%), negotiating pay rises (22%) and even switching careers (21%) to speed up their property purchase.

The findings highlight the scale of the affordability challenge facing prospective homeowners nationwide.

Data from Key Partnerships shows that the Bank of Family can increase mortgage choice for first-time buyers while reducing rates and LTVs.

Moneyfacts has cautioned that the notable minority entering the market with large deposits risks creating a two-tier market.