Launch of 95% LTV mortgage guarantee scheme confirmed

More good news for the housing market and first time buyers in particular as the Chancellor has announced further details of its new mortgage guarantee scheme during today's Budget.

The scheme is set to launch to lenders from April and will allow both first-time buyers and current homeowners to purchase properties up to £600,000 with a 5% deposit.

Several of the UK’s largest lenders including Lloyds, NatWest, Barclays, Santander and HSBC will be offering the mortgages from next month, with further lenders including Virgin Money to follow shortly after.