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95% Mortgages
KEITH ALLAN • Mar 16, 2021
Mortgage Guarantee Scheme coming soon
In delivering the Budget in Parliament on 3rd March 2021, Chancellor of The Exchequer. Rishi Sunak, announced that there would be a new UK wide mortgage guarantee scheme. This will allow enable first time buyers, home movers and previous homeowners access to 95% loan to value mortgages.
The scheme is yet to be launched, starting in April 2021 and set to run until December 2022 and Lenders are yet to react to this news and release any products therefore we are currently not able to provide any quotations.
In addition the Stamp Duty Holiday is to be extended until 30th June 2021 and then further relief on a tapered basis until 30th September. Please note that Stamp duty rates differ in England, Wales and Scotland, please get in touch for further information.
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