RENT-TO-OWN – BUY YOUR NEW HOME WITH A 0% DEPOSIT MORTGAGE
START YOUR JOURNEY TO HOMEOWNERSHIP WITH A 0% DEPOSIT OR RENT-TO-OWN MORTGAGE*
- Wain Homes is not authorised or regulated by the Financial Conduct Authority (FCA). We do not provide mortgage or financial advice, nor are we a lender or broker.
- This webpage is for general information only and does not constitute advice about mortgage products.
- If you would like personalised guidance, our team can introduce you to independent FCA‑authorised mortgage advisers. Wain Homes does not receive any payment or remuneration for these introductions.
HOW DOES THE 0% DEPOSIT OR RENT-TO-OWN MORTGAGE WORK?
Several lenders in the UK offer mortgage products that allow eligible customers to borrow up to 100% of a property’s value with no deposit. These products are typically designed for first‑time buyers or renters who can demonstrate a consistent record of paying rent on time, but who have not been able to save a traditional deposit.
Lenders will assess your circumstances, for example, reviewing your rental payments over the past 12 months, alongside affordability checks and standard lending criteria. If you meet the lender’s requirements, you may be able to buy a brand‑new Wain home without putting down a deposit.
POTENTIAL BENEFITS
Borrowing without a deposit involves higher risks, including:
- Higher monthly repayments, as you’re borrowing the full purchase price.
- Higher interest rates, because the lender is taking on more risk.
- Negative equity, if property values fall.
- Strict affordability checks and lender‑specific criteria before approval.
WHO MAY QUALIFY FOR A 0% DEPOSIT OR RENT-TO-OWN MORTGAGE?
Your FCA‑authorised mortgage adviser will confirm full lender requirements. Eligibility varies by lender, but common requirements often include:
WHY CHOOSE WAIN HOMES FOR A 0% DEPOSIT OR RENT-TO-OWN MORTGAGE?
We know saving a deposit can be the biggest barrier to buying a home. 0% deposit mortgages are designed to remove that hurdle – and we make sure the home itself is worth the step.
HIGH-QUALITY NEW BUILDS
Thoughtfully designed layouts, modern kitchens, contemporary bathrooms and energy‑efficient features come as standard.
CLEAR, HELPFUL GUIDANCE
Our Sales team will support you through the home‑buying journey and can introduce you to specialist FCA‑authorised advisers who understand 0% Deposit and Rent‑to‑Own products.
PRIME LOCATIONS
Our developments are placed with commuting, schools, amenities, and long-term appeal in mind – so you’re not just buying a home, but settling into an area that works for you.
BUILT WITH LONG-TERM CONFIDENCE IN MIND
All homes come with recognised warranties and are constructed to strict standards, giving you reassurance long after you’ve moved in.
0% DEPOSIT RENT-TO-OWN MORTGAGE EXAMPLE**
This is an illustrative example based on information from Hanley Economic Building Society as of 12/02/2026. Rates and criteria may change.
Maximum borrowing: £350,000
Initial fixed rate: 5.79% for 5 years
Loan to Value: 100% (no deposit)
APRC: 7.3%
Example monthly payment: £2,051.41 (based on borrowing £350,000 over 30 years)
Total repayment: £859,173.60
Variable rate after 5 years: 7.74% (equivalent to £2,451.43 per month)Payments may be higher if interest rates rise — for example, at 10.99% the monthly payment could be £3,181.39.
Fees such as valuation, legal and conveyancing costs may apply. Early repayment charges may also apply.
Your home may be repossessed if you do not keep up repayments on your mortgage.
HOW TO GET STARTED
Ready to make the move from renting to owning? Here’s how to get started:
- Consider your options – Think about whether a 0% Deposit mortgage is right for you.
- Check your eligibility – Ensure you have at least 12 months of on‑time rental payments and gather documents such as income proof and bank statements.
- Browse our developments – Explore available homes that suit your needs.
- Speak to our team – Our Sales Executives can explain how the scheme works and introduce you to FCA‑authorised mortgage advisers.
- Get specialist mortgage advice – An independent adviser will confirm lender criteria, affordability and available rates.
- Submit your mortgage application – Your adviser or lender will guide you through the application process.
- Complete the legal work – Your solicitor or conveyancer will manage the required checks and legal steps.
- Move into your new Wain home!
Stop renting and start building equity in your own home. Browse our available 0% deposit mortgage UK homes and find out how Rent-to-Own can help you get on the property ladder today.
*0% Deposit Rent-to-Own is subject to certain terms and conditions including:
- Wain Homes reserves the right to determine which selected plots on selected developments are eligible, this may change over time and will be impacted by the terms of the mortgage product with your lender (for example: Apartments, Affordable Housing, First Homes, Discount Market Sale and Shared Ownership properties are not always eligible for this product).
- Any mortgage product will be subject to eligibility status and the participating lender’s terms. Dependent on a lender’s requirements, it may not be possible for the product to be used in conjunction with other Wain Home offers.
- Wain Homes is not authorised by the Financial Conduct Authority and cannot provide any financial or mortgage advice. Accordingly, the detail on this webpage and any related communications is intended to be used for general information purposes only and it does not constitute any form of financial advice in relation to mortgage products. It may refer to certain mortgage products or lenders; generally, the information provided is not intended to be personalised to you.
- Whilst we cannot provide any financial or mortgage advice, we can introduce you to certain FCA‑authorised mortgage advisors that we work with to advise you in relation to available mortgages and assist you with arranging a mortgage product with your chosen lender. The specific mortgage advisor we can introduce you to will depend on the region that your chosen property is based in, but all are experienced in 0% Deposit and Rent‑to‑Own mortgages. Please speak to one of our Sales Executives for more details.
- Wain Homes does not receive any form of remuneration or payment for making such introductions to the FCA‑authorised mortgage advisors referred to above and they are not part of the Wain Homes group of companies.
- Mortgage offers will be made at the lender’s discretion. Your home may be repossessed if you do not keep up repayments on your mortgage.
- Our usual reservations and sales terms and conditions apply. Please speak to one of our Sales Executives for more details.
**0% Deposit & Rent-to-Own Mortgage Example:
- This example is calculated using the Rent‑to‑Own mortgage product offered by Hanley Economic Building Society (a lender authorised and regulated by the FCA and Prudential Regulation Authority, registration number 205024) and information available on its website.
- Eligibility requirements of any mortgage product are subject to change, but as at the date we updated this webpage [date] the Rent‑to‑Own mortgage product included: renting for at least 12 months and the monthly mortgage payments being equal to or less than your current monthly rent payments, with a maximum borrowing amount of £350,000 and maximum mortgage term of 40 years, with minimum income requirements of £25,000. A 100% mortgage is subject to the lender’s criteria, generally including affordability checks by the lender. You must be 18 or over to apply for this type of product.
- The monthly payment example of £2,051.41 is based on borrowing the maximum available loan of £350,000 over 30 years. This includes an initial 5‑year fixed rate of 5.79%, followed by the lender’s current variable rate of 7.74%, resulting in payments of £2,451.43 per month. Borrowing less than £350,000 could reduce your monthly payments, depending on rates. Total repayment on a £350,000 loan is illustrated as £859,173.60. Interest rates may change over time; for example, if the rate increased to 10.99%, monthly payments could rise to £3,181.39. Other fees will apply, subject to individual circumstances, including valuation fees, legal fees, and conveyancing fees. Mortgages are often subject to early repayment fees; you should review your lender’s terms for full details.
- The Rent‑to‑Own mortgage product mentioned is one of a variety of 0% Deposit mortgages available in the UK.