Houses in Hartlepool you could buy with a £5,000 deposit under new 95% mortgage scheme

Prospective home owners could benefit from a new 5% deposit mortgage scheme – here’s what’s available in Hartlepool.

Published 12th Mar 2021, 17:32 BST

In last week’s budget, chancellor Rishi Sunak announced the 95% mortgage guarantee scheme.

It will be available from April and it means that the Government will offer a guarantee on the portion of the mortgage over 80% – so for a 95% mortgage, the Government would be the guarantor of 15%.

Both current home-owners and first-time buyers will be eligible for the scheme, but the property they are looking to purchase should cost no more than £600,000.

Here are 12 houses in Hartlepool you can buy with a £5,000 deposit or less.