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The Mortgage Guarantee Scheme

On March 3rd 2021 the UK government announced a new mortgage guarantee scheme that will start in April 2021 to support a new generation in realising the dream of home ownership. This will increase the availability of 95% Loan-to-value mortgage products, enabling more households to access mortgages without the need for prohibitively large deposits. 

To find out further details of the new scheme follow the below link to the Government website where you'll find their detailed document relating to this new scheme.

The document’s first section introduces high loan to value mortgage lending and the role of the mortgage guarantee scheme, the second section gives an overview of trends in high loan to value lending and the third section outlines how the new mortgage guarantee scheme will work.