UK extends support for high loan-to-value mortgages for a year | Forexlive

The UK government has announced it’ll be extending its programme that encourages lenders to offer 95% loan-to-value mortgages to first-time buyers.

• The Mortgage Guarantee Scheme was launched in April 2021
• had been due to stop at the end of 2022
• but will continue until the end of 2023
• over 24,000 households have obtained mortgages under the programme.