The Mortgage Guarantee Scheme
The Mortgage Guarantee Scheme helps you secure a 95% Loan to Value (LTV) mortgage.
The mortgage guarantee scheme, launched on 19 April 2021.
Helps to increase the supply of 5% deposit mortgages for credit-worthy households by supporting lenders to offer these products through a government backed guarantee on new 95% mortgages until 31 December 2022.
It’s available from participating lenders across UK on properties with a purchase price of £600,000 or less, where a borrower has a deposit of 5%. Available to first time buyers and existing homeowners who are looking to move and require a 95% Loan-To-Value mortgage.