Rishi Sunak is expected to unveil a new mortgage guarantee scheme this week designed to help first-time buyers get on to the housing ladder.

Weekend press reports suggested the aim of the new policy will be to give mortgage lenders the confidence to offer 95% loan-to-value mortgages which have largely disappeared during the covid crisis. The scheme is likely to boost housebuilders already coping with the impact of the new restrictions on the Help to Buy equity loan scheme, and the Help to Buy scheme’s cancellation in 2023.

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