The mortgage guarantee scheme, launched on 1 April 2021, involves the government ‘guaranteeing’ 95% mortgages for buyers with 5% deposits. The scheme was announced in the March 2021 Budget and is designed to encourage banks to start offering 95% mortgages again, after nearly every single one was withdrawn during the pandemic.

Under the terms of the scheme, the government guarantees the portion of the mortgage over 80% (so, with a 95% mortgage, the remaining 15%). This might sound complicated, but in practice it just means the government will partially compensate the lender if a homeowner defaults on (fails to pay) their mortgage. The scheme is quite similar to the Help to Buy mortgage guarantee scheme, which ran from 2013 to 2016 and was used by 105,000 buyers.

Check this lot out!

Anthology Hale Works, Tottenham Hale.

Comprising 279 homes and soon-to-launch communal sky garden, Anthology Hale Works forms part of the Hale Village regeneration. With a strong focus on community and sustainability, the urban village encompasses a community centre, gym, supermarket and children’s park, making it a hub of activity within Tottenham Hale. The one-, two- and three-bedroom apartments at Hale Works are finished to an exceptionally high standard, offering open-plan living spaces, kitchens with integrated Siemens appliances and plenty of storage throughout. First-time buyer, Molly, was able to get got onto the property ladder this year after achieving a promotion at work.

Priced from £460,000 for a one-bedroom home. anthology.london/our-developments/hale-works


Anthology Wembley Parade, Wembley.

The vibrant, North London neighbourhood of Wembley is where you’ll find Anthology Wembley Parade, a collection of 195 one-, two- and three-bedroom homes. From LED feature lighting in the kitchen to fitted wardrobes in the master bedroom, no detail has been spared at Wembley Parade. All homes also have their own private balcony or terrace; a great spot to relax during the warmer months. Beyond the development, owners are minutes away from an array of restaurants, bars and shops. Stefan used help to buy and the stamp duty holiday to secure his dream Wembley Parade home.

Priced from £399,000 for a one-bedroom home. anthology.london/our-developments/wembley-parade 


Linden Homes Brunel Street Works, Canning Town.

Situated in thriving Canning Town, Brunel Street Works is a new collection of 975 one-, two- and three-bedroom homes. Each has been carefully crafted to offer a contemporary lifestyle, with sleek, fully integrated kitchens, spacious bedrooms with built-in mirrored wardrobes to the master, and underfloor heating throughout. In addition to excellent transport links to the city centre, owners benefit from lots of fantastic amenities on their doorstep, from bars and breweries to shops and supermarkets, as well as easy access to the River Thames. First-time buyer, Chinedu, spent two years looking for a home before choosing Brunel Street Works for the connectivity and flexibility it offers.

Priced from £465,000 for a one-bedroom home. www.lindenhomes.co.uk/developments/london/brunel-street-works-canning-town

Find our more about mortgages on the OutNewsGlobal Money Channel.

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