There’s no getting around it — most lenders generally don’t offer true ‘no deposit’ home loans. 

For the very few ‘no deposit’ home loans that do exist, there are generally very tight criteria to meet to be eligible, including a near-perfect credit record and a very stable work history. The loan is also likely to come with a higher interest rate. 

However, many lenders offer what could be the next best thing — 5% deposit home loans. The main downside of these loans is that you will almost certainly be asked to pay lenders mortgage insurance. But hey, it could be just what you need to get your first foot up the property ladder.