Access Financial Services (Access FS) has been provided with exclusive distribution rights for a new lender offering a range of zero-deposit mortgages.

The undisclosed lender launches In February as a ‘zero-deposit’ lender, introducing its inaugural range of mortgages exclusively through Access FS.

It is launching with a five-year fixed rate mortgage and will be available to applicants on visas, as long as the property is their primary residence.

The mortgages are available to professionals with a minimum salary of £30,000 per annum. The product is aimed at people who can afford the mortgage but who have found it difficult or impossible to save for a deposit. It will be available on all properties, including  flats and apartments – a restriction on many low-deposit  mortgage mortgages.

The mortgages are also designed to support buyers who are less likely to benefit from a loan from ‘Bank of Mum and Dad’.

As well as first-time buyers, the product aims to support keyworkers who can borrow as much as 5.5 times their income.

Access FS is predicting significant demand for the zero-deposit mortgage and expects this product to help them reach £15 billion in mortgage lending by 2027.

The brokerage is now looking to increase its number of self-employed mortgage brokers, offering them a free supply of leads as well as training, support and mentoring to grow their own businesses.

Karl Wilkinson, CEO at Access FS, said: “The launch of these mortgages will help solve a very real need that people face when trying to buy their first home.

“We can now provide a solution for professional people trying to get on the housing ladder without the need for help from increasingly hard-pressed family members.

“It is a testament to the quality of the processes and high level of compliance at Access FS, as well as how rapidly we’ve grown, that we have been chosen as the sole distributor.”