Which UK Lenders Allow a Concessionary Purchase?
A concessionary purchase is when a family member sells you their property below market value. The difference (the 'gifted equity') counts as deposit. Around 55 UK lenders allow this — most cap LTV based on market value rather than purchase price.
Data refreshed 2026-07-15. Information only — not advice.
Your situation
High Street Lenders
- Bank of Ireland— Up to 95% LTV
- Barclays— Up to 95% LTV
- Clydesdale Bank— Up to 95% LTV
- Halifax— Up to 95% LTV
- HSBC— Up to 95% LTV
- Metro Bank— Up to 95% LTV
- Nationwide— Up to 95% LTV
- NatWest— Up to 95% LTV
- Santander— Up to 95% LTV
- TSB— Up to 95% LTV
- Virgin Money— Up to 95% LTV
Building Societies
- Accord Mortgages— Up to 95% LTV (its 99% £5k Deposit product is first-time-buyer only and excludes new builds)
- Bath Building Society— Up to 95% LTV
- Buckinghamshire Building Society— Up to 90% LTV
- Chorley Building Society— Up to 95% LTV
- Coventry Building Society— Up to 95% LTV
- Dudley Building Society— Up to 90% LTV
- Earl Shilton Building Society— Up to 95% LTV
- Family Building Society— Up to 80% LTV
- Furness Building Society— Up to 95% LTV
- Hanley Economic Building Society— Up to 95% LTV
- Harpenden BS— Up to 80% LTV
- Hinckley & Rugby Building Society— Up to 95% LTV
- Leeds Building Society— Up to 95% LTV
- Loughborough Building Society— Up to 95% LTV
- Mansfield Building Society— Up to 95% LTV
- Market Harborough Building Society— Up to 80% LTV
- Marsden Building Society— Up to 95% LTV
- Newcastle Building Society— Up to 95% LTV
- Nottingham Building Society— Up to 95% LTV
- Principality Building Society— Up to 95% LTV
- Saffron Building Society— Up to 95% LTV
- Skipton Building Society— Up to 95% LTV (its 100% Track Record product is clean-credit only)
- Suffolk Building Society— Up to 95% LTV
- Teachers Building Society— Up to 95% LTV
- The Melton Building Society— Up to 95% LTV (interest-only 60%, London 60%)
- Vernon Building Society— Up to 95% LTV
- West Bromwich Building Society— Up to 95% LTV
Specialist Lenders
- Aldermore— Up to 95% LTV
- Atom Bank— Up to 95% LTV
- Foundation Home Loans— Up to 90% LTV
- Generation Home— Up to 95% LTV
- Hodge Bank— Up to 95% LTV
- Kensington Mortgages— Up to 95% LTV
- Pepper Money— Up to 85% LTV (75% above £750k)
- Perenna— Up to 95% LTV
- Rely Mortgages— Up to 75% LTV
- Tandem Bank— Up to 90% LTV
- The Mortgage Lender— Up to 95% LTV
- The Mortgage Works— Up to 80% LTV
- Together— Up to 75% LTV
- United Trust Bank— Up to 85% LTV
- Vida Homeloans— Up to 97% LTV
- West One Loans— Up to 97.5% LTV
Why some lenders say no
- Most lenders cap LTV based on the market value, not the agreed (discounted) price.
- A RICS valuation is required to establish the market value for LTV calculation.
- Some lenders limit concessionary purchase to immediate family only; others extend to landlords / ex-partners.
Related reading: Gifted deposits — full guide · 100% LTV & guarantor mortgages compared
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Run My Affordability CheckFrequently asked questions
How does concessionary purchase work?
A family member sells you their property at a below-market price. The discount (the 'gifted equity') is your effective deposit. You take a mortgage for the purchase price rather than the market value.
Do I need cash deposit as well?
Not always. If the gifted equity is large enough, some lenders will lend 100% of the purchase price. Others require a cash contribution of 5-10%.
Is it the same as inheritance tax?
No. Concessionary purchase is a sale at discount — it's a potentially-exempt transfer for IHT and the 7-year rule applies to the discount. Talk to an accountant before committing.
Can I buy from a landlord below market value?
Some lenders (Accord, Halifax) allow tenant-to-landlord concessionary purchase. Most restrict to immediate family. Always check the specific lender's policy.
