A £300,000 studio at Folly Bridge falls within the scheme First announced at the Budget, the 95 per cent mortgage guarantee scheme launched last week and is available on high streets across the country. The scheme will help first time buyers or current homeowners secure a mortgage with a 5 per cent deposit to buy a house of up to £600,000. The government will offer lenders the guarantee they need to provide mortgages that cover the other 95 per cent, subject to the usual affordability checks. Here are seven properties in Oxford you could buy under the scheme. 4 Caudwell Castle, Folly Bridge, OX1, is an open-plan studio apartment next to the Thames and a stone’s throw from Carfax and the Westgate shopping centre. It has a modern kitchen and shower room. Guide price £300,000; share of freehold.