Description

Do you want to know all of the details of the 95% Mortgage Guarantee Scheme? 

You have been sending in your questions, and in this episode I answer them ALL, including:

• What is the Mortgage Guarantee Scheme? 

• What is a 95% mortgage?
• What is the difference between the Help to Buy Scheme and the Mortgage Guarantee Scheme? 
• Why has the government launched the scheme? 
• Who is eligible to apply?
• Which lenders will be/are offering mortgages under the scheme?
• What rates will be/are available on 95% mortgages?
• Are there any 90% mortgages available?
• Can you get a 95 mortgage on a new build?
• Can I buy a house with a 5% deposit?
• Can I use the new 95% mortgage guarantee and take advantage of the stamp duty holiday at the same time?
• What are the advantages/ risks/disadvantages?
• Will house prices go up or down? 
• Should I save for a bigger deposit?
• How much can I borrow with a 95% mortgage?
• What are the alternatives to the mortgage guarantee scheme?
  • Help To Buy Equity Loan Scheme - new scheme from April 2021 - March 2023
  • Shared Ownership
  • Guarantor Mortgages/Familly Assist 

As always, I aim to break this information down in a way that you will understand.

On a side note, have you checked your credit report recently?

If you'd like to get an exclusive Mortgage Mum FREE 30 day trial with Check My File please use this link:

https://www.checkmyfile.com/?ref=sarahtucker2&cbap=1

If you would like to apply for the EXPERIAN BOOST scheme Sarah discussed please follow this link:

https://www.experian.co.uk/consumer/experian-boost.html

This can help you INSTANTLY boost your credit score!

If you have any questions for Sarah following this podcast please email sarah@themortgagemum.co.uk or contact Sarah on social media. Alternatively, please head over to www.themortgagemum.co.uk or contact us on social media. We would love to help you!

The Mortgage Mum is a team of 20 female brokers based all across the UK. They are passionate, driven, enthusiastic women who thrive from helping customers achieve their property dreams. They educate, empower and they give an excellent service from start to finish.

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Thank you for listening.

Our beautiful intro and outro piano music was created and recorded by the incredible Zoe Alexandria - www.zoealexandria.co.uk. Please check her out on social media. She is so talented.

If you would like to appear as a guest on The Mortgage Mum podcast please email sarah@themortgagemum.co.uk