It is been reported government is planning to introduce new 99% LTV mortgage with 1 % deposit to help first time buyer to be on the property ladder.

This could be announced in spring budget in march. The main aim is the help first time buyer with property purchase by removing the deposit barrier which will required only 1 % deposit and government will back mortgage guarantee.

Are 99% mortgage any good ?

It is still in pipeline but many expert are not in favour of low deposit mortgage. The 99% mortgage may work in some areas but in London were property prices are very high, First time buyer may have 1% deposit mortgage, but may struggle with affordability and never able to afford it.

Secondly, if the property market does not recover and prices keep going down, then all the first time buyer with 99% mortgage will be pushed in negative equity which is great danger as they may trap in as mortgage prisoner.

Interest rates on high loan to value mortgage are always higher, which may deter first time buyer stepping on property ladder as monthly mortgage payment will be big chunk of their income.

It is not all bad news about the 99% mortgage as it could help renters who struggle to save for deposit. Looking at the property market saving 10% deposit will take ages for normal earners in current market conditions.

Whether 99% market will add fuel to property market or it will be helpful to renters, we would soon see the results in coming months.

What Our Clients Say

Made The Process Easy.

I came across Milton and his team after some research - I was looking to avoid the big money houses after a few disappointing experiences. Milton made the process easy and was transparent throughout. Thanks to the team!

Ashley

8 Jul 2026

Excellent customer service

Excellent customer service, recommend for anyone looking for mortgage.

Kannan S

19 Jun 2026

Very happy with the service provided and...

Very happy with the service provided and would highly recommend it to others.

Chaim B

15 Jun 2026

I had a fantastic experience with Mariannafs...

I had a fantastic experience with Mariannafs. From the very beginning, they were knowledgeable, responsive, and always willing to answer any questions I had. They took the time to explain everything clearly, kept me updated at every stage, and worked hard to secure a mortgage offer that suited my circumstances. Their guidance and support made everything feel simple and manageable. I would highly recommend their services to anyone looking for a reliable, professional, and supportive mortgage broker. Thank you for all your help in making my first home purchase a reality.

Leila

12 Jun 2026

After going through a few mortgage advis...

After going through a few mortgage advisors we’d given up on purchasing a home. Until a family friend who themselves have got their mortgage done through MariannaFS got us in touch with Milton. Sent him the relevant documents and we were assured of a mortgage within a week. Like to thank Nelson as well.

Keith

29 May 2026

I had an excellent experience with Mariannafs...

I had an excellent experience with Mariannafs. Milton and Jeanal assisted us in a every step. They were professional, knowledgeable, and incredibly supportive throughout the entire process. They explained everything clearly, answered all my questions promptly, and made what could have been a stressful experience feel smooth and straightforward. Their attention to detail and commitment to finding the best mortgage deal for my situation was outstanding. I always felt informed and confident at every stage. I would highly recommend their services to anyone looking for a reliable and trustworthy mortgage advisor.

Vishal P

27 May 2026

Great Service, very responsive

Great Service, very responsive - helped us in securing a very good mortgage!

Lisa Sophie

23 May 2026

Amazing Service

Amazing Service and very efficient, would recommend for any financial and mortgage advice

Nalika A

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99% Mortgage For First Time Buyers

Are 99% mortgage any good ?

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