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Podcast: The Property Nomads Podcast
Episode: Mortgage Guarantee Scheme Extended - but beware of the economics
Description: Rob discusses the recent extension of the mortgage guarantee scheme by the government, which allows individuals with a small deposit to apply for a government-backed 95% mortgage guarantee, enabling them to get on the housing ladder. While this may seem like a great opportunity, Rob highlights the potential risks involved, particularly if the value of the property decreases in the future. KEY TAKEAWAYS The government has extended the mortgage guarantee scheme for 18 months, allowing people with a small deposit to apply for a 95% mortgage guarantee. The scheme enables both first-time buyers and current homeowners to p...