New product — available 18 May 2026

Halifax £5k Deposit mortgage — do you qualify?

A quick eligibility check and affordability stress test against Halifax's published criteria. Educational only — Halifax will run their own checks.

Eligibility criteria

Are you a first-time buyer?

Are you aged 18 or over?

Is this for a Buy to Let Property?

Is your deposit your own savings?

Gifted deposits don't qualify

Is the property a new build?

Have you ever had a mortgage before?

Using Help to Buy, Shared Ownership or RTB?

Government scheme combos excluded

Is your credit score good?

Halifax will run a credit check

Property price

Must be £102k–£300k

Deposit

Minimum £5,000

Your annual income

Partner annual income

Affordability is based on your gross income only — we don't deduct bills or committed debts. It's a guide, not a full underwriting decision.

Eligibility

Loan amount

£195,000

LTV

97.5%

At product rate (5.59%)

£1,118/mo

Income multiple (4.5x)✓ Pass

Based on a 4.5x income multiple. Halifax's actual decision uses their own affordability model, credit check and reversion rate.