Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Gable Group to Launch 100% LTV Mortgage with No Deposit Required
Gable Group is preparing to launch a 100% loan-to-value (LTV) mortgage after securing funding. The new product will be a five-year fixed mortgage over a 35-year term, backed by insurance from Gable Group’s subsidiary, Gable Sure.
The mortgage will not require a guarantor or any other form of collateral. It will be available through brokers and housebuilder partnerships across England and Wales. Gable Group is targeting £250 million of lending in its first year.
Founded in 2024, Gable Group is led by co-chief executives Joshua Weinstein and Chris Eaton. Weinstein previously worked at Investec and ASK Partners, while Eaton has over 20 years’ experience in banking and financial services, including roles at Barclays and Perenna Bank.
This development may be of interest to UK letting agents and inventory clerks, as the introduction of a no-deposit mortgage could impact the rental market and demand for rental properties.
Source: Mortgage Strategy