The mortgage guarantee scheme, which is designed to help first-time buyers and existing property owners move up the housing ladder, will allow borrowers with a 5% deposit to buy property worth up to £600,000.

The Government will guarantee up to 15% of the loan at a cost to the lender, allowing the borrower to access cheaper mortgage deals. It has set aside £12bn of guarantees for up to £130bn of mortgage lending and the scheme will remain open for three years to January 2017. Call us now for the latest 95% products.