I just want to express my optimism about the news the Chancellor is offering to incentivise banks to offer 95% mortgages. Great stuff to see.
I am 100 per cent behind homeownership. I owned a home when I was younger and I want future Broxtowe generations to know what it is like when you get that set of keys in your hand and you start on your road towards reaching your life aspirations!
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 mortgage products, enabling more households to access mortgages without the need for prohibitively large deposits. The document’s first section introduces high loan to value mortgage lending and the role of the mortgage guarantee scheme, the second section gives an overview of trends in high loan to value lending and the third section outlines how the new mortgage guarantee scheme will work.