“This scheme will make a real difference in enabling more first-time buyers and home movers, with a minimum of 5% deposit, to get the keys to their new home”
The government has announced further details of its new mortgage guarantee scheme during today’s Budget.
The scheme is set to launch to lenders from April and will allow both first-time buyers and current homeowners to purchase properties up to £600,000 with a 5% deposit.
Speaking during the Budget, Rishi Sunak confirmed that several of the UK’s largest lenders including Lloyds, NatWest, Barclays, Santander and HSBC will be offering the mortgages from next month, with further lenders including Virgin Money to follow shortly after, as reported in financial reporter.
The post 95% LTV mortgage guarantee scheme confirmed appeared first on The Mortgage Bureau.
https://www.themortgagebureau.co.uk/first-time-buyer/95-ltv-mortgage-guarantee-scheme-confirmed/
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