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The Mortgage Guarantee Scheme in Derby is a government initiative designed to support individuals looking to buy a home with a smaller deposit.
It helps homebuyers access mortgages with deposits as low as 5-9%, making homeownership more attainable.
Open to both first-time buyers and existing homeowners, this scheme encourages lenders to offer 91-95% loan-to-value mortgages by providing a government-backed guarantee.
It’s worth exploring the scheme with the guidance of a trusted mortgage broker in Derby who can assess your eligibility.
Under the Mortgage Guarantee Scheme in Derby, lenders receive a government guarantee.
This reduces the risk for lenders, enabling them to offer high loan-to-value mortgages. Borrowers can apply for a mortgage with a 5-9% deposit, provided they meet affordability and credit requirements.
The scheme is available for properties valued up to £600,000 and applies to repayment mortgages only.
A mortgage advisor in Derby can help you navigate the application process, ensuring you understand the scheme’s requirements and find the most suitable deal for your circumstances.
Eligibility for the Mortgage Guarantee Scheme in Derby depends on meeting certain criteria.
You must be purchasing a residential property in the UK valued at no more than £600,000, and the mortgage must be on a repayment basis rather than interest-only.
The scheme is open to both first time buyers and home movers, and your lender will conduct affordability checks to ensure you can manage repayments.
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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215 5 Star Reviews
Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026
Book a free initial consultation to discuss your eligibility for the Mortgage Guarantee Scheme in Derby.
24 hours.
Our experts will assess your financial situation and guide you through the next steps.
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.
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 Derby 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.
Our team provides personalised mortgage advice in Derby tailored to your unique financial situation.
Whether you’re a first time buyer or a homeowner, we ensure you receive the best guidance throughout your journey.
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.
As a trusted mortgage broker in Derby, we search through thousands of mortgage products to find the most suitable deal.
Our connections with a wide range of lenders mean we can cater to all circumstances, including those who may find it challenging to secure a mortgage.
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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Read our 32 Reviews
Derbymoneyman 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.
© Derbymoneyman 2009–2026
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Derbymoneyman 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.
© Derbymoneyman 2009–2026
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