It's Free to Speak to an Advisor, 7 days, 8am - 10pm

Mortgage Guarantee Scheme in Newcastle

It's free to speak with a mortgage advisor in Newcastle
7 days a week, 8am - 10pm

0191 432 9860 Speak to an Advisor - It's Free!
Reviews IO Logo

Read our 17 Reviews

Reviews Logo

Mortgage Guarantee Scheme in Newcastle

The Mortgage Guarantee Scheme in Newcastle can help you get on the property ladder with just a 5% deposit!

Speak to an Advisor - It's Free!

What is the Mortgage Guarantee Scheme in Newcastle?

The Mortgage Guarantee Scheme in Newcastle aims to support first-time buyers and those with smaller deposits by making it easier to secure a mortgage.

By offering lenders government-backed assurances, this scheme opens up options for buyers who can only provide a 5% deposit, providing greater flexibility in today’s housing market.

With support from a mortgage broker in Newcastle like us, you can explore how the Mortgage Guarantee Scheme might help you achieve your home-buying goals.

Video BG One Video BG Two
Mortgage Guarantee Scheme in Newcastle

How does the Mortgage Guarantee Scheme work in Newcastle?

The Mortgage Guarantee Scheme in Newcastle works by providing lenders with a government-backed guarantee, encouraging them to offer more 95% loan-to-value mortgages.

This is particularly beneficial for buyers with smaller deposits. Our mortgage advisors in Newcastle can help you understand your options under this scheme and assess whether it aligns with your financial situation.

What is the criteria for the Mortgage Guarantee Scheme in Newcastle?

To qualify for the Mortgage Guarantee Scheme in Newcastle, you generally need to be buying a residential property worth up to £600,000 with a 5% deposit. This scheme is available to both first time buyers and existing homeowners.

With help from a dedicated mortgage advisor in Newcastle, you can verify your eligibility and navigate the application process, ensuring you meet the necessary criteria.

Video BG OneVideo BG Two
Speak to an Advisor - It's Free!

Mortgage Guarantee Scheme FAQs in Newcastle

Can first time buyers in Newcastle apply for the Mortgage Guarantee Scheme?

Accordion Arrow

Yes, the Mortgage Guarantee Scheme in Newcastle is open to both first time buyers and existing homeowners.

This scheme can help buyers with smaller deposits secure a mortgage by providing government backing to lenders.

For first time buyers, it’s a valuable way to step onto the property ladder with just a 5% deposit, and working with a mortgage broker in Newcastle can help make the application process smoother.

Do you need a deposit for the Mortgage Guarantee Scheme in Newcastle?

Accordion Arrow

The Mortgage Guarantee Scheme in Newcastle enables buyers to apply for a mortgage with as little as a 5% deposit.

This is ideal for those with limited savings who still want to own a home. Mortgage advisors in Newcastle can help you determine your deposit requirements and assess your eligibility, ensuring that this scheme aligns with your financial circumstances.

Is there a property value limit with the Mortgage Guarantee Scheme in Newcastle?

Accordion Arrow

Yes, properties eligible for the Mortgage Guarantee Scheme in Newcastle must be valued at £600,000 or below.

This scheme is primarily aimed at residential properties, so it’s perfect for those looking to buy their primary home.

A mortgage advisor in Newcastle can guide you through the scheme’s criteria and find the right lender to support your home-buying journey.

Does the Mortgage Guarantee Scheme in Newcastle apply to new-build properties?

Accordion Arrow

Yes, the Mortgage Guarantee Scheme in Newcastle is available for both new-build and existing properties, allowing buyers greater choice in the types of homes they can consider.

This flexibility makes it easier to find a property that fits your needs and budget.

Speak with one of our mortgage advisors in Newcastle to understand how the scheme can apply to different property types and which lenders offer the best options for your situation.

Reviews Stars5.00 Rating17 Reviews

Our Simple Mortgage Process

Free Mortgage Appointment

Step 1

Book a free mortgage appointment with a mortgage advisor in Newcastle at a time that suits you.

During this chat, we’ll discuss your goals and explore options available under the Mortgage Guarantee Scheme in Newcastle.

1000s of Mortgage Deals

Step 2

With access to 1000s of mortgage deals, we’ll search the market to find the most suitable mortgage for your needs.

Our mortgage brokers in Newcastle consider your financial situation, helping you find a deal that’s right for you.

Mortgage Application

Step 3

Once you’re happy with a deal, we’ll handle the mortgage application process, ensuring all documents are prepared and submitted.

Your dedicated mortgage advisor will keep you informed every step of the way.

Completion

Step 4

When the lender approves and issues the mortgage, we’ll guide you through the final steps to completion.

At this stage, you’re ready to receive the keys and move into your new home in Newcastle!

Reasons to Choose Us

Free Mortgage Appointment

Accorion Arrow

We offer a free mortgage appointment to discuss your needs and find the best path for your mortgage journey in Newcastle.

Our mortgage advisors in Newcastle provide guidance without any obligation, ensuring you’re fully informed from the start.

1000s of Mortgages

Accorion Arrow

With access to 1000s of mortgage options, we tailor our search to match your financial situation and home-buying goals.

This means we’re more likely to find a deal that’s perfectly suited to you.

Our Service

Accorion Arrow

From your initial enquiry to the final completion, our team is committed to delivering an efficient, stress-free mortgage experience.

As an experienced mortgage broker in Newcastle, we’re here to make the process clear and manageable.

7 Days a Week

Accorion Arrow

Our mortgage advisors in Newcastle are available 7 days a week, making it easier for you to get advice at a time that suits your schedule.

Whether it’s early morning or evening, we’re here to answer your questions and keep your application on track.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of Mortgages in Newcastle

Fleet Mortgages
Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
Precise Logo
HSBC
Nationwide
Skipton
Pepper Money
Mortgage Works
Coventry Building Society
Santander
Natwest Mortgage Advice
Newcastle Building Society
Kensington Logo
Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

Others Schemes Available in Newcastle

Shared Ownership in Newcastle

Accorion Arrow

Shared Ownership in Newcastle helps buyers purchase a portion of a property, typically between 25% and 75%, while paying rent on the remainder.

This scheme is designed for those who may find it challenging to buy outright, making home ownership more accessible with lower upfront costs.

Right to Buy in Newcastle

Accorion Arrow

Right to Buy in Newcastle enables eligible council tenants to purchase their home at a discount, allowing them to transition from renting to owning.

This scheme supports long-term renters in securing full ownership, offering an affordable path to homeownership with reduced purchase prices.

First Homes Scheme in Newcastle

Accorion Arrow

The First Homes Scheme in Newcastle offers first time buyers and key workers the chance to buy new properties at a discount, usually around 30% below market value.

This scheme aims to help local buyers stay in their communities, making home ownership more achievable with lower property prices.

Forces Help to Buy in Newcastle

Accorion Arrow

For military personnel, the Forces Help to Buy scheme provides an interest-free loan of up to £25,000 to support their property purchase.

This scheme assists service members in Newcastle with purchasing a home, whether it’s a first time buy or a family move, and our team can offer tailored mortgage advice in Newcastle to guide you through the process.

Free Mortgage Guides

Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

Equity Release Council Logo
Facebook Image X Image Instagram Image YouTube Image LinkedIn Image SpotifyImage TikTok Image

Speak to an Advisor – It’s free!
7 Days a Week, 8am – 10pm

Speak to an Advisor – It’s Free Enquire Online 0191 432 9860
We use cookies to enhance your customer experience. More detailsGot It