Gable Mortgages has entered the UK market with the launch of two zero-deposit mortgage products aimed at first-time buyers, key workers, and primary residents.
The new lender is offering a five-year fixed rate at 5.95% for standard purchases, and a 5.65% five-year fix for new-build homes.
The latter has been developed in collaboration with housebuilders including Davidsons, Genesis Homes and Gleeson, alongside legal partners Knights.
By working directly with developers, Gable says it can reduce upfront costs and offer competitive rates to buyers struggling with deposit requirements.
AI AFFORDABILITY MODEL
The lender’s proprietary approval model – powered by artificial intelligence – promises faster decisions, focusing on affordability rather than savings history.
Justin Le Roux, CEO of Gable Group, said: “We’re proud to launch our first two products into the UK market.
“There’s a generation of renters, including many key workers, who simply can’t save while paying high rents.
“We believe affordability should drive lending decisions – not access to the bank of Mum and Dad.”
He added: “Our zero-deposit mortgages are designed to remove one of the biggest barriers to homeownership.
“By partnering with developers and focusing on first-time buyers, we’re aiming to make home buying more accessible and financially sustainable.”
Gable Mortgages plans to expand its network of developer partners and introduce additional products in the coming months, as it seeks to play a larger role in tackling the UK’s housing affordability crisis.
