Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
The Mortgage Guarantee Scheme in Leicester is a government-backed initiative designed to help people buy a home with just a 5-9% deposit.
It was introduced to encourage lenders to offer more 91-95% loan-to-value (LTV) mortgages, making it easier for first time buyers and home movers to get onto the property ladder.
The scheme provides lenders with a guarantee, giving them more confidence to approve mortgages with smaller deposits, while borrowers still go through standard affordability checks.
The Mortgage Guarantee Scheme in Leicester works by providing lenders with a government guarantee.
This reduces the lender’s risk, allowing them to offer 91-95% LTV mortgages to buyers who have saved a 5% deposit.
From the borrower’s perspective, the process is the same as applying for a regular mortgage, with lenders assessing your income, credit history, and affordability before making a decision.
To be eligible for the Mortgage Guarantee Scheme in Leicester, you’ll need to meet specific criteria.
The scheme is available to both first time buyers and home movers purchasing a property worth up to £600,000.
It must be a residential property that you intend to live in, not a second home or buy-to-let investment.
You’ll also need to provide a deposit of 5-9%, and lenders will carry out their usual affordability and credit checks as part of the application process.
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.
Our Customers Love Us
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
Book a free initial mortgage appointment to discuss your options for the Mortgage Guarantee Scheme in Leicester.
We’ll review your situation, answer any questions you have, and help you understand how the scheme could work for you.
We’ll search through 1000s of mortgage products, including lenders participating in the Mortgage Guarantee Scheme in Leicester.
This ensures you get access to the most competitive deals available for your circumstances.
Once you’ve chosen the right deal, we’ll guide you through the mortgage application process, handling the paperwork to make it as simple as possible.
We’ll also liaise with the lender to keep things moving smoothly.
After your application is approved, we’ll support you through to completion, ensuring everything is finalised correctly.
You’ll then be ready to move into your new home with the support of the Mortgage Guarantee Scheme in Leicester.
We offer a free initial mortgage appointment to help you explore your options with the Mortgage Guarantee Scheme in Leicester.
This gives you the chance to ask questions and receive expert guidance with no obligation.
We have access to 1000s of mortgage products, including deals from lenders participating in the Mortgage Guarantee Scheme in Leicester.
This ensures we can find the most suitable mortgage for your needs and financial situation.
We pride ourselves on delivering friendly, straightforward advice, guiding you through every step of the mortgage process.
From your first enquiry to completion, we’re here to make things simple and stress-free.
We’re available seven days a week, so you can get the support you need when it suits you best.
Whether you prefer an evening call or a weekend appointment, we’re here whenever you need us.
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.
Download For Free
Read our 32 Reviews
Leicestermoneyman 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.
© Leicestermoneyman 2009–2026
Contact
Follow Us
Leicestermoneyman 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.
© Leicestermoneyman 2009–2026
Speak to an Advisor
7 Days a Week, 8am – 10pm
We value your privacy
This website uses cookies. If you continue to use the site, we will assume that you agree with our use of cookies.
