New lender launches to market with 100% LTV mortgages

Gable Mortgages has announced the launch of its first zero-deposit mortgage products into the UK market.

The lender is offering a zero deposit standard five-year fixed rate mortgage at 5.95%, and a new build zero deposit five-year fix at 5.65%.

Gable Mortgages was established to support first-time buyers, key workers, and primary residents.

Gable Mortgages has been working with new home builders, as well as its legal and conveyancing partners, Knights, to develop its new build zero deposit product. In association with Davidsons, Genesis Homes and Gleeson to start with, Gable Mortgages is able to offer first-time buyers, primary residents and key workers looking to purchase a new build property a reduction in costs and rates. 

In addition, through the use of artificial intelligence, Gable Mortgages has developed a proprietary model that enables fast approvals while safeguarding both the borrower and the lender.

Justin Le Roux, CEO of Gable Group, commented: “This is a significant milestone for Gable Mortgages as we launch our first two products into the UK. We understand how hard it is for first-time buyers to get onto the property ladder, which is why we have created our zero-deposit mortgage solutions. Our aim has always been to collaborate with our partners to help make properties more accessible for buyers, not taking every penny saved, whilst helping those individuals build more financial resilience into their lives.

"There is a whole generation of renters out there who are struggling to save to buy and pay their rent at the same time. This has made it significantly harder for first-time buyers, especially key workers get onto the property ladder. At Gable Mortgages we believe in changing this by offering a solution where the buyer can get a quick decision based on affordability and not – like so many other products on the market – based on what they have managed to save up or borrow from the bank of Mum and Dad.

“Over the next few months, we expect to announce more new build developers we are working with, as well as a number of new and innovative mortgage products that we will be launching into the market. This is an exciting time for Gable Mortgages, our team who has worked so hard to get to this point, and our wider network who have helped us achieve our goal of making property more affordable for first-time buyers.”