All these homes are available to buy for a deposit of £5,000 or less.
All these homes are available to buy for a deposit of £5,000 or less.

12 houses in Sunderland that you could buy with a £5,000 deposit under new 95% mortgage scheme

Aspiring home-buyers could benefit from a new 5% deposit mortgage scheme – here is what is available in Sunderland for a £5,000 or less deposit.

Saturday, 13th March 2021, 7:00 am

Chancellor of the Exchequer, Rishi Sunak, announced the 95% mortgage guarantee scheme as part of his budget last week.

The mortgage guarantee scheme will be available to current home-owners as well as first-time buyers looking for a property for up to £600,000.

The initiative will be available from April and 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%.

These are 12 houses in Sunderland that you could buy with a £5,000 deposit.

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