Government 95% mortgage guarantee scheme
Tue 09 Mar 2021
Government announce a 95% mortgage guarantee scheme to help First Time Buyer climb onto the property ladder in the 2021 Budget.
Money Saving Expert have looked into the scheme in further detail and their findings are outlined on their website which we have linked below. Part of their article looks at the particular lenders that have signed up to the scheme to date, with more expected to join in the coming months:
Money Saving Expert have looked into the scheme in further detail and their findings are outlined on their website which we have linked below. Part of their article looks at the particular lenders that have signed up to the scheme to date, with more expected to join in the coming months:
"in the Spring Budget 2021 the government announced a new 95% mortgage guarantee scheme. The scheme enables homebuyers to secure a mortgage with a 5% deposit, with the government underwriting 95% mortgage loans.
The scheme is available to all home buyers (not just first-time buyers) from April 2021 on properties worth up to £600,000. Major lenders including Barclays, HSBC, NatWest and Santander have agreed to participate from April, with more, including Virgin Money, likely to join soon after."
https://www.moneysupermarket.com/mortgages/first-time-buyers/95-mortgages/