Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Gable Group Secures Funding for 100% LTV Mortgages for First-Time Buyers

Gable Group has secured an institutional funding line to launch high loan-to-value (LTV) mortgages, including products up to 100% LTV, aimed at the UK first-time buyer market. The fintech will deploy up to £250 million to first-time buyers in England and Wales over the next 12 months.

The funding, obtained from a European bank, will support prospective homeowners who struggle to raise a deposit. Gable Group’s new mortgage products will be available through intermediaries and selected housebuilders, targeting creditworthy first-time buyers.

The mortgages will be backed by Gable Group’s insurance subsidiary, Gable Sure, and are designed to not require a cash deposit, guarantor, or other form of security. The company states that these products are intended to support those who find deposit requirements a barrier to homeownership.

Gable Group was established in 2024. Its leadership team includes co-CEOs Joshua Weinstein and Chris Eaton, both of whom have backgrounds in financial services and banking.

For letting agents and inventory clerks, the introduction of 100% LTV mortgages may impact the rental market, as more renters could become eligible to purchase homes without needing a deposit.