Encouraging news for those wishing to buy their own property.
In the Budget today, the government announced a mortgage guarantee scheme whereby a number of the main high street banks such as Natwest, Lloyds, HSBC, Barclays and Santander will offer 95% mortgages to those who can afford a 5% deposit.
Those mortgages will be available from as early as next month and other banks and building societies will likely follow suit in due course.
This will have a positive effect on the sector and will encourage buyers, who have been previously priced out of the market by the need for larger deposits, to get onto the property ladder.
If you're looking to buy, we can help you find a mortgage, and you can take a look at all the properties we have available on our sales page.
A new UK-wide mortgage guarantee scheme will make home ownership more achievable for thousands of people...