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Government-backed 5% deposit mortgages launch today Helen Crane For This Is Money © Provided by This Is Money MailOnline logo First-time buyers will be able to get Government-backed mortgages with deposits of just 5 per cent from five major banks and building societies from today. The scheme, which is also open to current homeowners, was first announced in the Budget and will see lenders advance 95 per cent of the purchase price on homes worth up to £600,000.   The Government will underwrite the mortgages in order to give lenders the confidence to offer loans with such low deposits.  Lloyds, Santander, Barclays, HSBC and NatWest so far are all offering the loans, while Virgin Money will begin offering them next month.    

United kingdomNorth yorkshireRicky hessCoventry building societyYorkshire building societyVirgin moneyYorkshire buildingMortgage guaranteeExchequer rishi sunakஒன்றுபட்டது கிஂக்டம்வடக்கு யார்க்ஷயர்உடன்படிக்கை கட்டிடம் சமூகம்யார்க்ஷயர் கட்டிடம் சமூகம்கன்னி பணம்யார்க்ஷயர் கட்டிடம்அடமானம் உத்தரவாதம்