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News analysis: Price hike in sight The move to bring back 95 per cent mortgages is broadly welcomed, but some warn it will make the country’s understocked housing market more expensive By Roger Baird 12 th March 2021 2:15 pm Chancellor Rishi Sunak unveiled his well-trailed £3.9bn mortgage guarantee scheme during the Budget, which he says will turn “Generation Rent into Generation Buy”. The move to bring back 95 per cent mortgages to the market was broadly welcomed by the industry although others cautioned it would make the UK’s understocked housing market more expensive. The scheme begins next month, with several of the UK’s largest lenders Barclays, HSBC, Lloyds, NatWest and Santander already signed up. However, the country’s second-biggest lender, Nationwide, is yet to back the scheme, which acts as a guarantee for lenders, not borrowers.

United kingdomHedley adcockSeb murphyAndrew montlakeNigel purvesSiobhan holbrookOffice for budget responsibilityMortgage servicesChancellor rishi sunakPrice indexBudget responsibilityஒன்றுபட்டது கிஂக்டம்செப் மர்பிஆண்ட்ரூ மான்ட்லேக்ஶ்ம்‌பெந் ஹோல்ப்ரூக்அலுவலகம் க்கு பட்ஜெட் பொறுப்பு