Compare Mortgage Rates from Gable Mortgages Against the Market

Who are Gable Mortgages?

Think of Gable Mortgages as a modern solution to a long-standing problem. They are a new lender that believes a strong track record of paying rent should be enough to prove you can afford a mortgage, even without a deposit.

Their entire approach is built on a sophisticated AI-powered underwriting platform. Instead of just looking at salary multiples and savings, their technology analyses an applicant's banking history to build a detailed and realistic picture of their income, spending habits, and true affordability. This allows them to lend with confidence to people who are overlooked by traditional banks.

What are they known for?

Gable has entered the market with a clear and powerful proposition that sets them apart from almost every other lender.

Zero-Deposit (100% LTV) Mortgages

This is their flagship product and their entire reason for launching. They offer mortgages covering 100% of the property's value, meaning eligible borrowers do not need to provide a deposit. This is designed specifically for "generation rent" – those who can comfortably afford monthly rent payments that are often higher than a mortgage, but struggle to save the typical 5-10% deposit.

AI-Powered Affordability Assessment

Their unique selling point is how they make their lending decisions. By using technology to analyse an applicant's financial history, they can:

• Verify a strong rental track record as proof of reliability.

• Build a true picture of affordability based on real-world income and expenditure.

• Make fairer decisions for those with fluctuating incomes or non-traditional work patterns.

Pros and Cons of a Gable Mortgages Mortgage

Pros:

• A Lifeline for First-Time Buyers: Removes the single biggest barrier to homeownership – the deposit.

• Innovative and Fair Assessment: Their tech-led approach may lead to a fairer assessment of affordability than traditional methods.

• Focus on Rental History: Rewards responsible renters by recognising their payment history.

Cons:

• Risk of Negative Equity: Borrowing 100% means that if house prices fall, you could owe more than your home is worth, making it difficult to move or remortgage.

• Higher Interest Rates: 100% LTV mortgages are higher risk for the lender, so the interest rates will be significantly higher than on a mortgage with a 5% or 10% deposit.

• Broker-Only Access: You cannot apply directly and must use a mortgage adviser.

• Narrow Product Range: As a new lender, their initial product range is highly specialised and not suitable for most borrowers.

How to apply

You cannot apply directly to Gable Mortgages.

The only way to access their mortgage products is through a registered mortgage broker who is on their approved panel, like the Money Helpdesk team. The process is:

1. Make an enquiry to connect with a mortgage broker with access to specialist lenders.

2. Your broker will assess your financial history, particularly your rental payment record.

3. They will then package your application and submit it to Gable on your behalf.