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 59 UK lenders may allow this, based on their published criteria; most cap LTV based on market value rather than purchase price.
As of 2026-09-13, published criteria from 59 of the 75 UK lenders whose published criteria we track indicate they may consider this scenario — 10 high-street, 34 building societies and 15 specialist — with minimum deposits from 2%.
Data refreshed 2026-09-13. Information only — not advice.
Your situation
High Street Lenders
- Bank Of Ireland— Up to 95% LTV
- Barclays— Up to 95% LTV
- Co Operative Bank— Up to 95% LTV
- Halifax— Up to 95% LTV
- Metro Bank— Up to 95% LTV
- Nationwide— Up to 95% LTV
- Natwest— Up to 95% LTV
- Santander— Gifted equity counts only on family sales discounted by more than 20% of market value (or by more than £100,000), with at least 10% equity on market value; smaller discounts are standard purchases, with LTV on the price and a cash deposit needed
- TSB— Up to 95% LTV
- Virgin Money— Up to 95% LTV
Building Societies
- Accord— Up to 95% LTV (its 99% £5k Deposit product is first-time-buyer only and excludes new builds)
- Bath BS— Up to 95% LTV
- Beverley BS— Up to 95% LTV
- Buckinghamshire BS— Up to 95% LTV
- Chorley BS— Up to 100% of the price, max 90% of market value
- Coventry BS— Up to 95% LTV
- Cumberland BS— Up to 95% LTV
- Dudley BS— Up to 90% LTV
- Earl Shilton BS— Up to 90% LTV
- Family BS— Up to 80% LTV
- Furness BS— Up to 95% LTV
- Hanley BS— Up to 95% LTV
- Harpenden BS— Up to 85% LTV
- Hinckley Rugby BS— Up to 90% LTV
- Leeds BS— Up to 95% LTV
- Loughborough BS— Up to 95% LTV
- Mansfield BS— Up to 95% LTV
- Market Harborough BS— Loans from £200,000 only (property value from £250,000). Up to 80% LTV
- Marsden BS— Up to 80% LTV
- Melton BS— Up to 95% LTV (interest-only up to 75%)
- Newbury BS— Up to 90% LTV
- Newcastle BS— Up to 95% LTV
- Nottingham BS— Up to 95% LTV
- Principality— Up to 95% LTV
- Progressive BS— Northern Ireland properties only (in England: Openwork advisers, some South-East postcodes, houses only, loans from £200,000). Up to 95% LTV
- Saffron BS— Up to 95% LTV
- Skipton— Up to 95% LTV
- Stafford BS— Up to 95% LTV
- Suffolk BS— Up to 90% LTV
- Swansea BS— Up to 80% LTV
- Teachers BS— Up to 95% LTV
- Tipton Coseley BS— Up to 80% LTV
- Vernon BS— Up to 95% LTV
- West Brom— Up to 95% LTV
Specialist Lenders
- Aldermore— Up to 98% LTV
- Atom Bank— Up to 95% LTV
- Foundation— Up to 90% LTV
- Gatehouse— Up to 75% LTV
- Generation Home— Up to 95% LTV
- Hodge— Up to 95% LTV
- LG Home Finance— Over-55s only: retirement interest-only (RIO) mortgages, no standard repayment mortgages. Up to 60% LTV
- Pepper— Up to 75% LTV
- Perenna— Up to 95% LTV
- Precise— Up to 95% LTV
- The Mortgage Lender— Up to 75% LTV
- Together— Up to 65% of market value
- UTB— Up to 95% LTV
- Vida— Lower of 100% of the discounted price or 75% of market value
- West One— Lower of 80% LTV or 100% of the price, plus a 5% deposit of your own money (not gifted), so the loan is at most 95% of the price
A lender name is only half the answer — the amount each might lend varies by tens of thousands — our figures are indicative estimates, not offers.
See your figuresWhy 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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Frequently 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 may lend up to 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. The seller may also owe Capital Gains Tax: a sale to a family member is taxed as if it were made at full market value, so unless the property was the seller's only or main home, the gain on the discount is taxable even though they never receive it. 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.