Autumn Statement: 95% Mortgage Guarantee Scheme has been extended
As part of their Autumn Statement, the Government announced that the 95% Mortgage Guarantee Scheme has been extended until the end of June 2025.
In the full Autumn Statement document, the Government announced that it "will extend the scheme for an additional 18 months until the end of June 2025 to continue helping prospective borrowers with smaller deposits buy a home".
The scheme incentivises lenders to help both first-time buyers and current homeowners to purchase properties up to £600,000 with a 5% deposit. It can be used for mortgages on both new build and existing homes by first-time buyers, home movers and those remortgaging.
There's also more positive news on the horizon. Several major UK lenders have continued to announce further rate reductions, offering a well awaited glimmer of hope for prospective homebuyers or homeowners looking to remortgage.
We are here to answer any questions and to support you to achieve your mortgage goals.
SPEAK TO AN ADVISER
Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.
Related
You might have heard of equity release, but did you know it’s a practical and increasingly common w...
Read More >
We read something shocking recently. Recent figures show that around 40% of UK adults have less than...
Read More >
As of early 2026, the base rate has been cut to around 3.75%. It’s the lowest it’s been in nearly ...
Read More >
January is often when people take a step back and look at their finances with fresh eyes. Once the f...
Read More >
Delivered by Chancellor Rachel Reeves on 26th November, the 2025 Autumn Budget brings a mix of new c...
Read More >
The festive season can be magical. But honestly, we are speaking to so many of our clients, and the ...
Read More >