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The Mortgage Guarantee Scheme in Durham is a government-backed initiative designed to help homebuyers secure a mortgage with a deposit as low as 5-9%.
It is available to both first-time buyers and existing homeowners purchasing residential properties.
By reducing the risk for lenders through a government guarantee, the scheme encourages the availability of 91-95% loan-to-value mortgages.
For anyone looking to step onto or move up the property ladder in Durham, this could be a valuable opportunity.
A mortgage broker in Durham, such as ourselves can guide you through the scheme’s details and eligibility.
This scheme works by offering lenders a government guarantee on a portion of the mortgage in case the borrower defaults.
Borrowers can access mortgages with a low deposit, but lenders still conduct affordability checks to ensure repayments are manageable.
The scheme only applies to residential properties valued up to £600,000 and excludes buy-to-let or second homes.
Our team of expert mortgage advisors in Durham can help you navigate the application process, ensuring you understand how the scheme works and which lenders participate.
Eligibility for the Mortgage Guarantee Scheme in Durham depends on meeting certain criteria. The scheme is open to anyone purchasing a residential property to live in, provided the home is valued at £600,000 or less.
You’ll also need to provide a minimum deposit of 5-9% and secure a repayment mortgage.
To determine your eligibility and explore your options, it’s helpful to look into mortgage advice in Durham to see what options are available and get you speaking to the right lenders.
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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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
Start your journey by booking a free initial mortgage appointment at a time that suits you.
Our mortgage advisor in Durham will look at your financial situation, goals and preferences, ensuring a personalised experience.
Appointments are flexible and available seven days a week to accommodate your schedule.
Once we’ve assessed your affordability and requirements, we’ll obtain an Agreement in Principle for you, often within 24 hours.
This document demonstrates to sellers and estate agents that you’re a serious buyer and financially prepared to proceed.
It also gives you clarity on your borrowing potential under the Mortgage Guarantee Scheme in Durham or any other product you’re considering.
Using our expertise, we’ll search through thousands of mortgage products to find the most suitable deal for you.
Whether it’s through the Mortgage Guarantee Scheme in Durham or another tailored solution, we’ll recommend options that fit your financial circumstances and long-term goals.
Once you’re happy with our recommendation, we’ll handle the application process for you.
Our team will submit your mortgage application, liaise with the lender, and keep you updated at every stage.
We know life can be busy, so we offer appointments that fit your schedule. Speak with a mortgage advisor in Derby at a time that works for you, including evenings and weekends.
From the Mortgage Guarantee Scheme in Derby to specialist products like self-employed or bad credit mortgages, our expertise allows us to tackle even the most complex cases with confidence.
Our service has earned glowing reviews from happy customers in Derby and beyond.
We take pride in delivering reliable, approachable, and professional advice that puts your needs first.
We have a fantastic team of expert mortgage advisors in Durham, each who have helped many first time buyers in Durham to get onto the property ladder in Durham.
If you are concerned that your situation is complex, you can rest assured knowing that we have over 20 years of experience offering mortgage advice in Durham. The likelihood of us coming across a situation we have never seen before, is very unlikely.
We’re here for you at every step of the process.
From your initial enquiry to the completion of your mortgage, our dedicated team provides ongoing support to make your experience as smooth 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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Durhammoneyman 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.
© Durhammoneyman 2009–2026
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Durhammoneyman 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.
© Durhammoneyman 2009–2026
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