The wait is over!!! The Government has announced a new Mortgage Guarantee Scheme to support a new generation in realising the dream of home-ownership. This will increase the availability of 95% loan-to-value (LTV) mortgage products, enabling more households to access mortgages without the need for prohibitively large deposits.
The scheme is open to new 95% mortgages until 31 December 2022, with participating lenders offering 95% mortgages under the Government guarantee from 19 April 2021.
Further information can be found here https://www.gov.uk/government/publications/the-mortgage-guarantee-scheme?dm_i=3WZ5,1A081,63LQDK,4LZY3,1