Low Deposit Mortgages in Sleaford

Helping first-time buyers and movers in Sleaford and across Lincolnshire secure mortgages with deposits from just 5%.

Only have a small deposit? We can help

Many buyers worry they need a huge deposit, but mortgages with just 5% down are still available. These are sometimes called “95% LTV mortgages” and can be a realistic route onto or up the property ladder.

What to know:

Loan-to-value (LTV): A 5% deposit means a 95% LTV mortgage. Rates are usually higher than for larger deposits, but it can get you started sooner.
Government support: The Mortgage Guarantee Scheme has been extended to help lenders offer 95% deals.
Alternatives: If family help is available, see no deposit mortgages or gifted deposit advice.

At Spolton Mortgages we compare whole-of-market lenders, explain the differences between 5%, 10% and higher deposit products, and guide you through the application. For a wider overview, see MoneyHelper’s guide to deposits.

Unbiased Advice

Dedicated to providing trusted advice, we believe financing your home should be exciting and stress-free. Here’s just some of the lenders we work with;

We access the whole of the mortgage market to find the best mortgage to suit your needs.

Practical support for small deposit buyers

Whole-of-market access: Including lenders active in the 95% LTV space.
Local expertise: Daily experience with Lincolnshire property prices and affordability challenges.
Clear comparisons: We show costs for 5%, 10% and larger deposits so you see the trade-offs.
Linked advice: If a low deposit isn’t enough, we’ll compare no deposit and shared ownership options.
End-to-end support: From agreement in principle through to completion.

How we help with low-deposit cases

We compare 95% and other deposit levels, then manage the application so you get the clearest outcome.

Review & plan

We assess your budget, credit history and deposit to check 95% options.

Compare & explain

We show the difference between 5%, 10% and higher deposits with whole-of-market products.

Apply & complete

We package documents, handle lender queries and keep you updated through to completion.

Buying with a small deposit in Lincolnshire

Property prices across Lincolnshire vary, which affects how achievable a low-deposit purchase is. ONS data (July 2025) shows averages of £237,000 in North Kesteven (Sleaford) and £184,000 in Lincoln. With a 5% deposit, that’s £11,850–£11,900 required up front.

Sleaford & NG34: Popular with first-time buyers using 5% deposit deals.
Lincoln & Boston: Lower average prices mean deposits can be smaller in absolute terms, making low-deposit options attractive.
Stamford & Newark: Higher prices mean deposits need stretching further; we’ll check if a guarantor or JBSP mortgage fits.
RAF bases (Cranwell, Waddington, Coningsby): Families often use low-deposit products when relocating under posting deadlines.

We’ll map your budget to local values and highlight which lenders are most active in the Lincolnshire market.

We are family

Spolton Mortgages is a family mortgage broker founded by Nick and Kasia Spolton.

From our office in Sleaford, we provide mortgage and mortgage protection advice.

Well-known, and respected for providing trusted advice, we started by helping people find mortgages in Lincoln, Sleaford, and throughout Lincolnshire. Now we find ourselves helping people across the whole of the UK.

Our carefully selected panel of insurance providers

What our customers think

Useful Links

Guides on deposits and support schemes:

MoneyHelper – Saving for a mortgage deposit

GOV.UK – Mortgage Guarantee Scheme

GOV.UK – First Homes scheme

Which? – Low deposit mortgages explained

Citizens Advice – Mortgages overview

FAQs

What’s the minimum deposit most lenders accept?

Most require at least 5%, but some specialist lenders may ask for 10% depending on credit history.

Does the government still support 95% mortgages?

Yes. The Mortgage Guarantee Scheme has been extended, allowing lenders to continue offering 95% deals.

Will I pay more with a small deposit?

Usually, yes. Rates are higher at 95% LTV than 75% or 85%, but it may let you buy sooner.

Can family help reduce my deposit?

Yes. A gifted deposit can boost your deposit size and open better product choices.