Mortgage Guarantee Scheme

Mortgage
Guarantee Scheme

The UK Guarantee Scheme helps you get a mortgage with a 5% deposit encouraging lenders to offer high LTV loans so you can buy or move sooner.

Mortgage Calculator

I want to

get a mortgage

remortgage

What Is the Mortgage Guarantee Scheme?

The Mortgage Guarantee Scheme is a government-backed initiative that makes 95% LTV mortgages more widely available. Participating lenders can offer mortgages with just a 5% deposit because the government provides a guarantee on part of the loan. This reduces the risk for lenders, meaning more high-LTV options are available to buyers like you.

It’s open to first-time buyers and home movers, subject to standard credit checks, affordability assessments, and property eligibility criteria.

Speak To An Adviser

How the Scheme Works

The government guarantees mortgages between 91% and 95% LTV, reducing risk for lenders.

Mortgages must be repayment-based (interest-only not eligible).

The scheme applies to properties generally valued up to £600,000.

The guarantee doesn’t protect you personally, but it makes low-deposit mortgages easier to access.

Speak To An Adviser

We search 1000’s of products to find the best deal for you

Things to Consider

Key Benefits

Smaller Deposit Needed

You can buy with just a 5% deposit.

Helps First-Time Buyers and Home Movers

Makes stepping onto the property ladder or moving easier.

More Mortgage Options

Encourages lenders to offer high-LTV deals, giving you more choice.

Potentially Buy Sooner

Less time spent saving means you could move home faster.

Risks & Considerations

Higher Interest Rates

Mortgages with smaller deposits usually have higher rates.

Guarantee Only Protects Lenders

You’re still responsible for repayments.

Deposit Still Required

You’ll need at least 5% plus costs like legal fees and surveys.

Affordability Checks

You must meet standard lending criteria to qualify.

GET STARTED

How to Apply

Talk to a UKMC Adviser

Our experts review your situation, explain the scheme, and check if it’s right for you.

Explore Your Options

We compare products across multiple lenders offering 91–95% LTV mortgages under the scheme.

Complete the Application

UKMC helps you submit your application and manages communications with the lender.

Mortgage Approval and Completion

Once approved, we guide you through completion so you can move into your new home with confidence.

Speak To An Adviser

as seen on

Why Choose UKMC

Expert Guidance

Our advisers explain the Mortgage Guarantee Scheme clearly and help you understand eligibility, costs, and long-term implications.

Whole-of-Market Access

We compare deals from multiple lenders so you get the best options for your circumstances.

Dedicated Support

You’ll have a personal adviser and case manager guiding you from start to finish, handling all communications and paperwork.

Clear, Client-Focused Advice

We provide transparent advice on interest rates, repayments, and eligibility, so you can make informed decisions.

Trusted and Reviewed

With over 600 positive reviews, UKMC is a trusted partner for first-time buyers and home movers using government-backed schemes.

speak to an advisor

what our clients saying about us

At the end of my tether I was introduced to Sam from UKMC.  

Previous advisors had failed to find me any deals worth looking at and I was feeling most despondent. Destined to continue paying waaaay too much for my mortgage.