Gable Group Holdings Ltd, the UK fintech and insurance group, has secured a long-term funding line from an established European bank, which will support the roll out of innovative high-LTV residential mortgage products via its FCA-regulated partner.
Primarily targeted at the £82 billion UK first-time home buyer market, Gable Group is targeting up to £250 million of deployment over the next 12 months, with the ambition and funding to rapidly scale this in subsequent years.
The products, up to and including 100% LTV mortgages, are being launched in direct response to market demand, with unaffordable deposit requirements the biggest barrier facing prospective first-time homeowners in the UK. The products will be available through the intermediary market, as well as through select housebuilder partnerships, and are aimed at creditworthy first-time buyers across England and Wales.
The products will be underpinned by Gable Group's insurance subsidiary, Gable Sure, enabling Gable Group to develop products which do not require a cash deposit, guarantor, any other form of collateral security, unlike the majority of products currently available in the market.
The inability of millions of people to get on the housing ladder is one the UK’s most critical social issues. As house price growth has continued to outstrip wage growth, Halifax data shows the average first-time buyer deposit has reached £61,090 in 2024, equal to 20% of the purchase price and up 14% year on year, whilst the average savings among UK adults is just £16,000. Average private rent in England reached £1,442 a month in May 2026, according to the Office for National Statistics, making the average deposit equivalent to more than 42 months of rent.
Joshua Weinstein, Founder and Co-CEO of Gable Group, said: “Millions of UK renters are not locked out of homeownership because they cannot afford a mortgage. They are locked out by unaffordable deposit requirements.
“No-and-low-deposit mortgages have an essential role to play in today’s modern, well-regulated market, whilst also supporting the government’s new-build home target. Securing the long-term backing of a major European bank is a strong endorsement of the platform and products we have built and the growth prospects for this part of the funding stack.”
Chris Eaton, Co-CEO of Gable Group, added: “Our platform allows our partners to deliver a rigorous, technology-led underwriting process with long-term institutional funding, within an FCA-regulated framework, to enable hard working, aspirational professionals across the UK to achieve their homeownership dreams.”
Founded in April 2024 and headquartered in London, Gable Group is led by Co-CEOs Joshua Weinstein and Chris Eaton. Joshua’s previous roles include six years at Investec, where he was responsible for originating transactions in excess of £500 million, followed by two years at ASK Partners, where he setup and headed the institutional markets team. Chris has over 20 years’ experience in banking and financial services, including ten years at Barclays in a range of senior treasury and risk roles and more recently five years building Perenna Bank as deputy CEO.
