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Young Buyers Turn To Government’s Mortgage Guarantee Scheme

With the Stamp Duty holiday winding up on 30 September, house prices at an all-time high and gazumping now a regular occurrence in hotspot areas, young prospective buyers are looking at ways to open the door to making home ownership a reality, including the government’s new mortgage guarantee scheme.

Andrea Fawell, sales and marketing director at WhatHouse? Award-winning housebuilder Kebbell, said: “A lack of affordable housing is still a dominating feature of the property landscape which means young house buyers are still struggling to get on the property ladder. Equally there has been a surge of private renters and those living at home wanting to become homebuyers since the pandemic, but they struggle to raise the large deposits now required.

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