Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
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.
Our Customers Love Us
195 5 Star Reviews
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
Julie Brake
We would have given them 20 stars. Both Warren & Lizzi have worked so hard on our behalf, in what has not been the smoothest of circumstances. They have been so professional and kept us updated. Would thoroughly recommend this company. With grateful thanks in getting us our mortgage.
12 May 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.
Download For Free
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
Contact
Follow Us
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
Speak to an Advisor
7 Days a Week, 8am – 10pm
We value your privacy
This website uses cookies. If you continue to use the site, we will assume that you agree with our use of cookies.
