Mortgage Guarantee

** The Help to Buy Mortgage Guarantee scheme closed for new applications on 31st December 2016. This page is for reference only**

Help to Buy Mortgage Guarantee

The Help to Buy Mortgage Guarantee Scheme can help you buy a newly built home or an existing property with a deposit of as little as 5%. This scheme is not administered via Help to Buy Agents, you must contact participating lenders directly for more information.

How it works

The scheme works by offering lenders the option to purchase a guarantee on mortgages where a borrower has a deposit of between 5% and 20%.


To qualify for the Mortgage Guarantee Scheme, you must pass lender affordability checks and have no history of difficulties in meeting debt payments.

In order for your mortgage to be eligible for the Mortgage Guarantee scheme:

  • It must be a residential mortgage, so you will be planning to live in your house and not rent it out;
  • the property you are purchasing could be an existing or new-build home in the UK, priced up to £600,000
  • your mortgage must be a repayment one, not interest only. Offset and guarantor mortgages are also excluded from the scheme.
  • You must not own any other property anywhere in the world at the time you buy your home supported by the Help to Buy Mortgage Guarantee scheme
  • Other than using a Help to Buy ISA to boost your deposit, you cannot use the Help to Buy Mortgage Guarantee scheme with any other government home-buying scheme such as Help to Buy Equity Loan, Shared Ownership or Right to Buy. Your deposit for the property cannot come from a government scheme either.

How to apply

You can apply for a Mortgage Guarantee through a participating mortgage provider. The following lenders are currently participating in the scheme:

  • Bank of Scotland
  • Halifax
  • NatWest
  • RBS
  • Virgin Money
  • Aldermore
  • Lloyds
  • Barclays
  • HSBC
  • Post Office Mortgages
  • Al Rayan Bank (formerly known as Islamic Bank of Britain)
  • Bank of Ireland (Northern Ireland only)
  • Ulster Bank

How to find out more

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