How it works
If you have a zero deposit and are looking at 100% mortgage options, Track Record mortgage could be for you.
Who can apply?
| Criteria | What this means |
|---|---|
| Homeownership | You haven’t owned a home in the UK in the last 3 years. |
| Age | You’re aged 21+. |
| Credit history | You’ve kept up with all your credit payments in the last 6 months. |
| Borrowing | You want to borrow up to £600,000. |
| Location | You’re buying in England, Scotland or Wales (it’s not available in Northern Ireland or the Isle of Man). |
| Applying on your own | You've paid your rent on time for 12 months in a row within the last 18 months. We may ask to see proof of household bill payments. |
| Applying with others (up to four people) | You can show that rent has been paid for 12 months in a row within the last 18 months, either by one of you or jointly. If you rent separately, each of you can show your own rent payments. We may ask to see proof of household bill payments. |
Take the next step
Prefer to speak to us?
Speak to us to get started with your Decision in Principle (DIP) by calling us on 0345 607 9825.
If you don't keep up with your mortgage payments, you could lose your home.
Frequently asked questions
Yes, some lenders offer no deposit (100% mortgage) options.
Track Record is one way to do it - using your history of paying rent to support your application, instead of relying on savings alone.
No deposit mortgages could help you get onto the property ladder sooner – especially if saving a deposit isn’t realistic right now.
With little or no upfront savings needed, you may be able to buy sooner than you thought. And if you’re renting, your track record of paying on time can help show you’re ready for mortgage payments.
The trade-off? You’ll usually need to borrow more. For example, with a 20% deposit you’d only borrow 80% of the property value. Without a deposit, you're borrowing more – so you'll typically pay more interest over time.
If you can build a deposit, it can often help you get better rates and lower repayments. But if not, Track Record could help make home ownership possible sooner.
There are no application or completion fees for our Track Record mortgages.
Other charges may apply once your mortgage is in place, depending on your circumstances - see our Tariff of Mortgage Charges [PDF] for full details.
We’ll also cover the cost of a standard mortgage valuation for properties under £1.5 million.
Just so you know, this is for our lending purposes only. It’s not a survey, so it won’t highlight any issues with the property. If you want a more detailed check, it’s worth arranging your own survey - such as a RICS Level 2 or Level 3 Home Survey.
Mortgage valuations and property surveys are not regulated by the Financial Conduct Authority.
Yes – your mortgage needs to end by the time you turn 75. We may also look at your expected retirement income as part of your application.
State Pension age is currently 66. If you were born after 5 April 1960, this is gradually increasing to 67, and later to 68.
Yes. You don’t need a deposit for this mortgage – but if you have one (under 5%), you’ll still be eligible for a Track Record mortgage.
Your deposit can come from your own savings or be gifted. If it’s a gift, it’ll need to be from someone who meets our criteria, and they’ll need to complete a gifted deposit declaration form.
You’ll need to show you’ve paid your rent for 12 months.
You can do this with either:
- 12 months of bank statements, or
- A letter from your letting agent
If you use a letting agent, they’ll need to be registered with a recognised body (like ARLA).
Most banks let you search for specific payments online and download a statement showing only those. It’s often easier to do this on their website rather than in the app.
Yes, we accept applications for new build houses - not including flats.
A new build is a property that’s never been lived in. This includes newly built homes, as well as properties that have been converted into homes within the last three calendar years.
Yes, you can apply for a Track Record mortgage.
When working out how much you could borrow, you’ll need to leave out any housing benefit:
- In the calculator, enter your rent minus any housing benefit.
- For example, if your rent is £500 and you receive £150 in housing benefit, you’d enter £350.
When you apply for a Decision in Principle (DIP), you’ll also need to leave housing benefit out of your income.
This applies even if your housing benefit might continue after you take out the mortgage.
Yes, you can apply for a Track Record mortgage as long as you can clearly show both:
You’ll need to confirm how much of your payment is rent (for example, through your tenancy agreement or a letter from your agent).
- The rent portion
You’ll need to confirm how much of your payment is rent (for example, through your tenancy agreement or a letter from your agent). - The utilities portion
If needed, you may also need to show that the utilities you’re paying are charged at normal market rates, without any discounts.
Not usually – unless you have settled or pre-settled status under the EU Settlement Scheme (EUSS), indefinite leave to remain, or permanent residency in the UK.
If you’re applying jointly, you may still be eligible if the person on a visa isn’t included in the affordability assessment.
Yes – but you’ll need to cover the difference yourself.
We can lend up to 100% of the lower of the purchase price or the Home Report value (up to £600,000).
So if you offer more, you’ll need to make up the extra.
Possibly – it depends on your circumstances.
It’s best to give us a call so we can talk it through with you.
