Government set to announce 95% loan to value mortgage guarantee scheme

The scheme will allow first time buyers and current homeowners to purchase a property up to £600,000 with a 5% deposit

Chancellor Rishi Sunak said: “Owning a home is a dream for millions across the UK and we want to help as many people as possible. Saving up for a big deposit can often be difficult, and the pandemic has meant there are fewer low deposit mortgages available.”

Mark Harris, chief executive of mortgage broker SPF Private Clients, commented: "Turning ‘generation rent’ into ‘generation buy’ has been a focus for Boris Johnson for a while so the return of 95% LTV mortgages for first-time buyers doesn't come as a complete surprise. This, coupled with the extension of the stamp duty holiday, will result in a Budget which is a real boost for buyers.

Mark Hayward, chief policy adviser at NAEA Propertymark, added: “A government backed mortgage guarantee scheme will help first -ime buyers get on the housing ladder at a time when for many owning a home seems an impossible dream. Alongside the potential extension of the stamp duty holiday that we have been calling for, this new scheme will go some way in giving some hope to first-time buyers at a time when the size of deposits required means they fall at the first hurdle.”

Source: Financialreporter.co.uk

If you would like to know how this can help you with your move, contact us now to speak to Christopher Clarke who can explain the various mortgage options for you.

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)

Confirm

Shepperton’s Property Market Now Worth £4.523 Billion

As we hit the third week of December, the Shepperton property market does slow down ready for the big day. It’s at this time of year, I like to work out the total value of every home in Shepperton, and how that value has changed since 2010 (as that was the bottom of the market after the Credit Crunch).

CLICK HERE >

The 2025 Shepperton Property Market: A review and what will happen in 2026?

With only a few weeks to go before the end of the year, as a Shepperton estate and letting agent, I wanted to share what has happened in both the UK and Shepperton property markets in 2025, analysing the trends for Shepperton homeowners, home buyers and landlords alike… and then compare them to previous years.

CLICK HERE >

Selling Early in 2026? The Next Steps

If you’re planning to sell in early 2026, now is the time to understand the timeline, the preparation and the steps that will help you move smoothly from listing to completion.

CLICK HERE >

Thinking of changing your estate agent this autumn?

If your home has been sitting on the market with no progress, you’re not stuck. Switching estate agents is easier than you think, if you understand your contract and prepare properly. Here’s the truth, the timelines and the process to relaunch with impact.

CLICK HERE >