
Mortgage guarantee scheme extended
The mortgage guarantee scheme allows would-be property buyers access to 95% loan to value (LTV) mortgages – meaning you need a 5% deposit – on properties worth up to £600,000 The mortgage guarantee scheme, which allows first-time buyers to take out a mortgage with a 5% deposit, has been extended again. Following the Autumn Statement, the mortgageguarantee scheme sees first-time