Mortgage Guarantee Scheme
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Mortgage Guarantee Scheme on the number of first time buyers.
Answered by Lucy Rigby
The Government recognises the difficulties some prospective first-time buyers face in buying a home and is committed to helping them get on the housing ladder.
The new Mortgage Guarantee Scheme is designed to support and sustain the availability of low deposit mortgage products for credit-worthy borrowers. 95% loan-to-value mortgage products can be particularly important for first-time buyers who may struggle to raise larger deposits, and the scheme aims to support this segment of the UK mortgage market.
The Scheme recently launched in July 2025 and will now remain permanently available to lenders. Properties of any value are eligible for the mortgage guarantee, and the scheme is available in all regions of the UK.
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