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The mortgage guarantee scheme in Halifax is designed to help buyers secure a mortgage with just a 5-9% deposit.
This government-backed initiative encourages lenders to offer higher loan-to-value (LTV) mortgages by providing a financial guarantee.
It is available to both first-time buyers and existing homeowners purchasing properties up to £600,000.
While the scheme can make homeownership more accessible, it’s important to explore all mortgage options to find the most suitable deal.
Our mortgage advisor in Halifax can help you navigate the options available.
Lenders taking part in the scheme receive a guarantee from the government, reducing their risk when offering 91-95% mortgages.
This means borrowers can access mortgage products with a smaller deposit, subject to affordability checks and lender criteria.
The mortgage itself functions like any other, with repayments based on the interest rate and term agreed upon with the lender.
Speaking to a mortgage broker in Halifax can help you understand what deals are available and whether this scheme is right for you.
To qualify, applicants must be purchasing a residential property in the UK and intend to live in it.
The scheme is only available for repayment mortgages, not interest-only.
Additionally, the property value cannot exceed £600,000.
Lenders will still conduct affordability and credit checks to ensure applicants meet their requirements.
For tailored mortgage advice in Halifax, it’s worth speaking to a professional who can assess your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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215 5 Star Reviews
Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026
We’ll take the time to understand your situation, whether you’re a first-time buyer, moving home, or looking for a better deal.
We’ll go through your income, expenses, and credit history to assess your mortgage options.
This is where you can ask questions about the Mortgage Guarantee Scheme in Halifax or any other mortgage products that might suit your needs.
Once we understand your circumstances, we’ll search through a range of lenders to find the most suitable mortgage deal.
Whether you’re using the Mortgage Guarantee Scheme in Halifax or looking for a different product, we’ll compare rates, terms, and lender criteria to find the best match.
We’ll also explain any associated costs, such as fees and interest rates, so there are no surprises.
After selecting the right mortgage, we’ll handle the application process for you.
We’ll liaise with the lender, ensuring all paperwork is in order and that your application is as strong as possible.
Whether you’re applying under the Mortgage Guarantee Scheme in Halifax or another mortgage type, we’ll keep you updated at every stage, from submitting documents to receiving your mortgage offer.
Once your mortgage is approved, you’re one step closer to owning your home.
After final checks and legal work, you’ll receive the keys and be ready to move in.
Even after your mortgage completes, our mortgage advice in Halifax is always available if you need help with remortgaging, overpayments, or future financial planning.
Our mortgage advisors in Halifax have extensive experience in the market, giving you access to expert guidance tailored to your circumstances.
We understand that no two buyers are the same, which is why we take the time to find the right mortgage deal for you.
Whether you’re interested in the Mortgage Guarantee Scheme in Halifax or other mortgage options, we’ll help you make sense of your choices.
Unlike going directly to a bank, we have access to multiple lenders, including those offering 95% mortgages under the Mortgage Guarantee Scheme in Halifax.
This means we can compare a variety of mortgage deals to find the most competitive rates and terms for you.
With our help, you won’t be limited to just one lender’s products you’ll have more options to choose from.
Sorting out a mortgage can feel overwhelming, but we handle the hard work for you.
From initial mortgage advice in Halifax to submitting your application, we take care of everything, ensuring the process runs as smoothly as possible.
We’ll liaise with lenders on your behalf, manage the paperwork, and keep you updated every step of the way.
We know that every buyer’s situation is different, which is why we offer personalised support tailored to your needs.
Whether you have questions about affordability, eligibility, or the Mortgage Guarantee Scheme in Halifax, our mortgage advisors in Halifax are here to provide clear, jargon-free answers.
Our goal is to make securing a mortgage as simple and stress-free as possible.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Halifaxmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Halifaxmoneyman 2009–2026
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Halifaxmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Halifaxmoneyman 2009–2026
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