Budget 2021: The mortgage guarantee scheme
Wednesday, 3 March 2021 13:40
Provides background on why the government is introducing a mortgage
guarantee scheme, and how it works. The mortgage guarantee scheme:
outline Details 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...Request free trial
Provides background on why the government is
introducing a mortgage guarantee scheme, and how it works.
Details
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.
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