Mortgage Guarantee Scheme
Our Custom Build New Homes are available to purchase with the new Mortgage Guarantee Scheme
The new government-backed Mortgage Guarantee Scheme will help first time buyers or current homeowners secure a mortgage with just a 5% deposit. The scheme, which launched on the 19th April 2021, provides 95% Loan-To-Value mortgages on homes up to £600,000, subject to usual affordability checks.
By offering lenders the option to purchase a guarantee on mortgages where a borrower has a deposit of only 5%, the scheme provides an affordable route to home ownership for aspiring home-owners. Whilst it is not limited to first time buyers, the scheme will not be available on buy-to-let or second homes.
The Mortgage Guarantee Scheme is open for new mortgage applications from April 2021 to December 2022.Find out more about the Mortgage Guarantee Scheme