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.
Being a new mum is exhausting. Of course, you were prepared for sleepless nights, colic and 3am nappy changes, but you probably didn’t expect you would need a degree in civil engineering to collapse your buggy, squeeze it into the car, then get it back up again.