Mortgage Guarantee Scheme Launches Today | will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be Scamsmart.

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Derin Clark

Derin Clark

Online Reporter
Published: 19/04/2021

Today, first-time buyers will see the number of mortgage deals available to them significantly increase as the Government launches its mortgage guarantee scheme, which sees some of the biggest names on the high street returning to the 95% loan-to-value (LTV) mortgage chart.

A 95% LTV mortgage deal allows those with just a 5% deposit to get a mortgage and is a common way for first-time buyers struggling to save for a house deposit to get onto the property ladder. Although 95% LTV mortgages are often popular with first-time buyers, mortgages at this LTV are considered riskier by lenders, which resulted in many withdrawing their 95% LTV deals from the market during the first lockdown a year ago.

The launch of today’s scheme, which sees the Government offer security to lenders offering 95% LTV deals, sees many well-known banks re-enter the high LTV market. Among those launching deals today under the scheme are Barclays Mortgage, Halifax, HSBC, Lloyds Bank, NatWest and Royal Bank of Scotland, while Santander is set to launch deals tomorrow.

What rates are available on deals under the guarantee mortgage scheme?

Barclays Mortgages is offering two deals under the guarantee mortgage scheme. One deal offers 3.99% fixed until 31 May 2023, while the second deal offers 4.09% fixed until 31 May 2026.

Halifax is offering 16 deals under the scheme, some of which are fixed for two years and others fixed for five years. The rates on the Halifax deals range from 3.73% to 4.20%.

HSBC has launched three deals, one fixed until 31 August 2023 and two more fixed until 31 August 2026. The rates on these deals range from 3.99% to 4.49%.

Lloyds Bank has launched eight deals under the scheme, four of which are fixed until 31 August 2023 and four fixed until 31 August 2026. These deals have rates ranging from 3.73% to 4.20%.

Both NatWest and Royal Bank of Scotland have launched two deals each. These banks are offering a deal at 3.90% fixed until 31 August 2023 and a deal at 4.04% fixed until 31 August 2026.

Santander is launching three deals tomorrow and will offer a two year tracker as well as three and five year fixed rate deals ranging from rates of 3.99% to 4.09%.

All the deals launched are available at a 95% LTV. The product fees on the deals vary and some also offer incentives such as free valuations. First-time buyers can find out more information about these deals on our 95% LTV mortgage chart. Alternatively, those considering one of these deals may want to speak to a broker to discuss their options and for advice about which deal is right for them.

To find out more information about these deals and see all the mortgages available to those with a 5% deposit, visit our 95% LTV mortgage chart.


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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