What Warrington Buyers and Sellers Need to Know About the New Mortgage Guarantee Scheme

Back to All Blogs

What Warrington Buyers and Sellers Need to Know About the New Mortgage Guarantee Scheme

The Government has recently announced a new mortgage guarantee scheme. Here we’ll explain how it works and what it might mean for the property market.

What is the new Mortgage Guarantee Scheme?

The Mortgage Guarantee Scheme is an official scheme where the government backs mortgages that are larger than a bank or building society may be willing to offer.

In practical terms, this means that buyers who can’t get together a 10% deposit may be able to purchase with just a 5% deposit.

Many lenders will only lend 90% of the value of the home you want to buy. But this scheme backs mortgages from 91% up to 95%.

Borrowers are still responsible for the repayments. But the guarantee means that if they fail to meet repayments, the Government will cover some of the lender’s loss.

It’s similar to the scheme that ran between 2021 and June 2025. But this new scheme will be permanent.

How it works

The new Mortgage Guarantee Scheme is available to first-time buyers and home movers throughout the UK.

The scheme only applies to those buying their main home. There isn’t any cap on the value of the house or flat, and they’ll need to meet the lender’s standard lending criteria.

Borrowers apply for a mortgage in the usual way to lenders who opt to participate in the scheme (not all do). The lender applies to use the scheme and does all the admin.

Be aware that mortgages offered under this scheme won’t be right for everyone. Buyers should always take expert financial advice.

How it might affect the market

The number of people who will actually use the new scheme could be fairly small. The last scheme was used by 53,000 people over four years.

However, the impact on the broader property market could be much bigger. For example, if more first-time buyers can obtain a mortgage, more second and third steppers should be able to sell their homes and move up.

In short, the new Mortgage Guarantee Scheme could get the market moving and indirectly help everyone looking to buy and sell.

We hope you’ve found this explainer useful. If you’re looking to sell your home, contact us for a valuation and expert marketing advice. If you’re planning to buy, why not take a look at what we have on our books?

If you know anyone who might find this article useful, please share it with them.

GET IN TOUCH WITH US

First Name*

Last Name*

Mobile Phone*

Your Email Address*

Are you looking to*

Please enter message here*

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)*

Register For Our Heads-Up Property Alerts

See homes before they hit the portals. By registering with Courtyard, you unlock early access to homes before they appear on Rightmove or Zoopla. Our Heads-Up Alerts match your preferences to upcoming listings and send them straight to your inbox — often days before they go public. In a fast-moving market like Warrington’s, that early edge can make all the difference. Whether you’re buying or renting, this free service helps you stay one step ahead.

Our Blog

The Best Chinese Takeaways Near WA3

Whether it's a Friday night after work or a Sunday when cooking feels like too much effort, a good local Chinese takeaway is one of life's reliable pleasures. Here are four of the best options within easy reach of Culcheth, Lowton, Birchwood, and Glazebury.

The Most Common Frustrations Sellers Face and How to Avoid Them

Selling a home is one of the most significant financial transactions most people will ever make. It should be straightforward. Too often, it is not.

Roger Hunt: The World Cup Winner Who Called This Area Home

On 30 July 1966, England beat West Germany 4-2 at Wembley to win the FIFA World Cup. It remains the only time England have lifted the trophy. One of the eleven men on the pitch that afternoon was Roger Hunt, a forward who had played in every single one of England's six matches and scored three of their goals.

Home Improvements That Add Value and the Ones That Do Not

Not all money spent on a home comes back when you sell. Some improvements consistently produce a return above their cost. Others, despite feeling significant when you are living through them, make little difference to what a buyer is prepared to offer.

How to Keep Your Home Cool During a Heatwave — Tips That Actually Work

British houses are built to retain heat, not release it. A spell of hot weather in May or June exposes this quickly, particularly in older properties with solid walls and small windows. If your home has turned into a radiator, here are the tips that actually make a difference, and the ones that are more myth than method.

Garden Centres Worth Knowing About Near WA3

If you have a garden and you live in the WA3 area, you are genuinely well placed. Within a short drive there is one of the most visited garden centres in the country, a well-established local nursery, and a farm-based plant centre that most people combine with a breakfast stop. Here is what each one offers and what to expect.

View All Blogs

Register for Heads up Alerts

Back to All Blogs