Shared Ownership Scheme Explained
The Shared Ownership Scheme has been around in various forms since the 1980s. It allows people who can’t afford to buy a home to partly own one instead and work towards full ownership over time. Around 150,000 households in England currently use the Shared Ownership Scheme and it will continue to run until 2026 in […]
Deposit Unlock Scheme Explained
The Deposit Unlock Scheme was initially launched in 2021 in the UK to try to fill the gap when the Government’s Help to Buy Equity Loan Scheme ended. Unlike most property buying schemes, this scheme was implemented by mortgage lenders and home builders rather than the Government. The Deposit Unlock Scheme helps First Time Buyers […]
95% Mortgage Guarantee Scheme Explained
The 95% Mortgage Guarantee Scheme was initially launched in 2021 to encourage lenders to bring high loan-to-value mortgages back to market following the pandemic. These products allow buyers with a deposit of as little as 5% to purchase a home, so the scheme may be helpful if you’re struggling to save a large deposit. Over 41,000 […]
