The scheme involves the government offering a guarantee to banks to encourage them to offer 95% mortgages. It runs from April 2021 to December 2022, for properties old and new up to £600,000. It is not restricted to first-time buyers, although this is likely to be the group most attracted to the prospect of requiring just a 5% deposit.
Can you answer these ten finance questions correctly? Take the challenge now to see if you can get ten out of ten. Let's see if your financial knowledge is of Galbraith or Trump proportions.