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Skills for jobs

14 May 2021

The UK Government set out in the Queen’s speech on 11 May, its legislative plans for adult education and training for the next parliamentary session with a proposed Skills and Post-16 Education Bill. Read More...

Over 300,000 homes sold with Help to Buy

14 May 2021

Sam Legg, 19, a farmer from Leicestershire, has become the 300,000th homeowner to use the Help to Buy: Equity Loan Scheme since its launch in 2013 and urges others to join the scheme. Read More...

Commonhold Council launched

14 May 2021

An advisory panel of leasehold and industry groups has been launched to inform the UK Government on the future of commonhold homeownership. Read More...

Leasehold Reform Bill published

13 May 2021

The Leasehold Reform (Ground Rent) Bill has been published today, 13 May, and when implemented aims to help tackle inconsistency and ambiguity of ground rents for future leaseholders. Read More...


New 95 per cent mortgage scheme launched

Monday 19 April 2021

The UK Government has today, 19 April, opened a Mortgage Guarantee Scheme to help first-time buyers and current owners with 5 per cent deposits buy a house up to £600,000.

The Scheme will be open until December 2022 and the UK Government will review the continuing need for the scheme towards the planned end date and then determine whether extending the period of eligibility would continue to deliver benefits for prospective homeowners.

This forms part of the UK Government’s Plan for Jobs, to help support the housing market and protect jobs and businesses across the housing supply chain. The Scheme is also one of a range of flexible homeownership options available, which include Help to Buy, Shared Ownership, and the First Homes Scheme.

Throughout the pandemic, Propertymark has worked hard to represent members and get more support for the sector. We successfully lobbied for business rates relief, commission to be included in furloughed pay and we led the campaign for the cut to property taxes across the UK. We continue to engage with decision-makers on behalf of our members and for the launch of the new Mortgage Guarantee Scheme, Propertymark is quoted alongside the Chancellor and Housing Secretary in the UK Government’s press release.

View UK Government announcement

Appetite to buy

UK Government figures show that there is an increased desire for homeownership, with nearly 80 per cent of private renters saving for a deposit and a sharp reduction in 95 per cent mortgages available over the past year.

The figures also show more than two-thirds of private renters (68 per cent) and those living at home (72 per cent) want to buy, with the majority saying the pandemic has made them more aware of the importance and benefits of homeownership. 76 per cent of private renters and 70 per cent of those living at home started saving for a deposit during the pandemic.


Lenders will have the guarantee from the UK Government they need to provide mortgages that cover the other 95 per cent, subject to the usual affordability checks.

The Scheme is available from Lloyds, Santander, Barclays, HSBC, and NatWest who are launching mortgages under the scheme today with Virgin Money following next month. 

Quote mark

Over the past few months, there has been an increase in the number of prospective buyers and the number of house sales taking place. Coupled with the decision to extend the Stamp Duty holiday further, the Mortgage Guarantee Scheme will provide additional options for more people to become homeowners.

Access to finance and affordability plays a key role in the ability for people to purchase their dream home, so we are now very pleased to see further support for both first-time buyers and current homeowners looking to buy property or move up the housing ladder.

Mark Hayward

Mark Hayward
Propertymark Chief Policy Advisor

Supporting purchasers

UK Government official statistics show more homes were delivered in 2020 than in any year since 1987. A pledge was announced in 2019 to build 300,000 new and attractive homes a year with an investment of over £12bn in affordable housing over the next five years.   

Since 2010, more than 663,000 households have been helped to homeownership through UK Government schemes, however, 69 per cent of private renters and 63 per cent of those living at home who had investigated a mortgage said they cannot find many mortgages with a low deposit. The new 95 per cent mortgage scheme will make homeownership even more accessible.


Propertymark’s guide features details of the updated Help to Buy scheme, which launched in April 2021. Members can access updated FAQs on the Mortgage Guarantee Scheme which can be accessed via the member’s area.