How is the Mortgage Guarantee Scheme stacking up to Help to Buy?🏡

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How is the Mortgage Guarantee Scheme stacking up to Help to Buy?🏡

Launched in April of last year, the Mortgage Guarantee Scheme allows lenders the option to purchase a guarantee on mortgage loans for those with less than a 10% deposit.

GetAgent takes a look to see how it compares to the existing Help to Buy equity loan scheme.

The MGS is a more market encompassing version of the Help to Buy scheme and can be utilised on new-build and existing homes by first-time buyers, those re-mortgaging and home movers. However, it’s not open to buy-to-let purchases, second homes or properties with a market value in excess of £600,000. To continue reading, please Click Here

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