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
196 5 Star Reviews
Alex Campbell
Amazing help from these guys, we are first time buyers and Warren was our dedicated Morgate advisor and he made the whole process seem easy and straightforward, he went above and beyond to help me and my partner and explained it all in great detail, best of all he was very down to earth and gave it to us strait. Would 100% recommend
15 Jul 2026
Steve Taylor
Excellent Customer Service from initially Dan who arranged our Lifetime Mortgage. The members of the Admin Team were always friendly and helpful. Special mention to Kerry Bewell for her willingness, post-completion, to help when needed. I would definitely recommend UK Moneyman to others.
6 Jul 2026
Dan
Couldn't recommend more! Conor's service was excellent from start to finish and make the process as easy and smooth as possible especially since we didn't even know where to start.
6 Jul 2026
Eva Elliott
We used money man to help us find a mortgage for our first house nearly 7 years ago. They were brilliant at helping us navigate as self employed people. We are just about to use them for our next house!
1 Jul 2026
Rob Shireby
Chris, Ami and Malcolm are all great people, very good experience.
24 Jun 2026
keith mantle
UKmoneyman helped us to obtain a mortgage.. They are a professional and helpful companywho we would reccomend to anyone seeking a mortgage Regards, Keith & Sandra Mantle
12 Jun 2026
Adam Bateman
Just wanted to comment on the experience I have had dealing with uk moneyman for my re mortgage. The team have been excellent throughout, special shout out to Stacy Waudby who has been a pleasure to deal with and has really been pro-active and helpful. I would definitely recommend them to anybody looking for independent mortgage advice
9 Jun 2026
amber sheridan
Ami has been great. She explained everything clearly and answered all of our questions (silly or not). Communication was great, genuinely couldn't recommend this service or our advisor Ami more.
28 May 2026
Keith Hirst
UK Moneyman have helped with my mortgage and remortgage for many years. Always really helpful and knowledgeable. My latest remortgage was done with Conor, who was great at making sure I was getting not just the best deal, but the right deal for my needs.
22 May 2026
Victor Abrams
I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
15 May 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.
