Mortgage Guarantee Scheme extended to December 2023

It has been announced that the Mortgage Guarantee Scheme will be extended until December 2023, helping people with 5 per cent deposits onto the property ladder and into their own homes.

  • In the face of today’s economic pressures, it is right to support hard-working families to secure their first home or move into their dream property.
  • That is why the government has extended the Mortgage Guarantee Scheme until December 2023 – providing the financial guarantee families need to cover 95 per cent of a house worth up to £600,000.
  • This scheme has already helped 24,000 households – 85 per cent of whom are first-time buyers – and will now help more people to secure their own home.

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