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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.
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.
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.
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.
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.
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.
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.
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5.00 Rating17 Reviews
Jill
Excellent customer service - highly recommend
7 months ago
Paul
Professional service that was friendly and problem free - could not be faulted and is highly recommended for later life financial services.
1 year ago
Sikandar
Matt has been amazing. He not only found me the cheapest mortgage but also made sure that the offer is secured quickly. He remained in close contact advising me at every step of the process. He also helped me in negotiations with the vendor’s...
1 year ago
Anonymous
Helped us to find a reasonable deal but also requested a better one when the lender reduced their rates
1 year ago
Steven
Fantastic service and had our mortgage approved within a week of our first call! Chris and Jo were a pleasure to deal with and available to chat at a moment's notice, even at weekends. The process was incredibly smooth and any recommended parties...
1 year ago
Grace
Matt gave us really good advise, which helped to give us the confidence to proceed with purchasing our first home. Once we had an offer in we were quickly shown the best mortgages to apply for, life insurance/critical illness insurance, and we were...
2 years ago
Lois
Brilliant service as always. Thank you guys 🙏 🏡
2 years ago
Anonymous
Both Jason and Chole were very helpful in helping me and my partner secure a mortgage despite having trouble getting one in the past.
3 years ago
Michael
Great response and very friendly service. Very helpful.
3 years ago
Jacqueline
My experience with this company has been great and I highly recommend them. From the initial stages through to getting the offer, everyone I spoke with was informative, professional and friendly. Tom and Jonathan really helped with the initial...
3 years ago
Sunna
I have spoke to Arron today, I have received excellent customer service. He listened me carefully and answered all my questions promptly!! Good adviser.
3 years ago
Lydia
Amazing! UK moneyman were there every step of the way. Making sure I understood everything and taking the stress out of buying your first house. They were very responsive to emails, calls and gave excellent customer service. 10/10 could not fault...
3 years ago
Kevin
All staff, very efficient,communication excellent and found us a great deal on our mortgage as my credit rating wasn’t great.Thankyou very much Leo and Newcastle moneyman.
5 years ago
david
Being self employed it was hard to get a mortgage!but thanks to Newcastle money man I’ve got one !!!thanks again would definitely recommend them!👍
5 years ago
Harley
Professional service from start to finish. Very helpful with all of the questions I was throwing at them also. Would recommend 100% and we feel we for the prefect product mortgage for us. Thank you guys!
5 years ago
Darla
Great advice from start to finish. I had only dealt with a Broker via Estate Agents before so it was a little different to do everything over the phone but much better really because I was able to speak to someone late into the evening after I had...
5 years ago
Darla
we just used this mortgage brokers for a mortgage on our new house. right from the initial phone call, the service received was very swift and carried out by professional yet very caring people. they made sure that every detail was done to the...
5 years ago
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.
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.
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.
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!
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.
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.
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.
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.
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 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.
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.
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.
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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
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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
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