Government looks to aid first-time homebuyers through mortgage guarantees and new ISAs
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Government considering extending mortgage guarantee scheme to help first-time homebuyers.
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Scheme helps people with 5% deposit take out a mortgage, was introduced in 2021.
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Mortgage rates have risen significantly since scheme launched as Bank of England raised interest rates.
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Treasury also looking at new ISA schemes to encourage first-time buyers to save for deposits.
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Measures aimed at helping more people get on property ladder ahead of Autumn Statement on November 22.