Five per cent mortgages are set to return to help more people onto the housing ladder ULTRA-low deposit mortgages are set to make a comeback with a new five per cent deposit home loan guarantee scheme. Details about the new scheme are expected to be set out in Chancellor Rishi Sunak’s Budget later today. The scheme will be available to current homeowners as well as first-time buyers looking to buy a house for up to £600,000. The initiative will be available to lenders from April and is designed to increase the appetite of mortgage lenders to offer high loan-to-value lending to creditworthy customers across the UK.
Five per cent mortgages are set to return to help more people onto the housing ladder ULTRA-low deposit mortgages are set to make a comeback with a new five per cent deposit home loan guarantee scheme. Details about the new scheme are expected to be set out in Chancellor Rishi Sunak’s Budget later today. The scheme will be available to current homeowners as well as first-time buyers looking to buy a house for up to £600,000. The initiative will be available to lenders from April and is designed to increase the appetite of mortgage lenders to offer high loan-to-value lending to creditworthy customers across the UK.