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The Mortgage Guarantee Scheme in Coventry is a government initiative designed to help homebuyers secure a mortgage with 5-9% deposit.
The scheme encourages lenders to offer 91-95% loan-to-value (LTV) mortgages by providing them with a financial guarantee, reducing their risk.
It is particularly beneficial for first time buyers and home movers who may struggle to save for a larger deposit.
To qualify for the Mortgage Guarantee Scheme in Coventry, you must meet specific criteria set by participating lenders.
The property must be valued at £600,000 or less, and the mortgage must be taken on a repayment basis rather than interest-only.
Additionally, the scheme is only available for residential properties, meaning buy to let or second homes do not qualify.
The Mortgage Guarantee Scheme in Coventry allows homebuyers to access a 91-95% LTV mortgage, meaning you only need a 5-9% deposit.
The scheme applies to various types of mortgages, including fixed-rate and tracker mortgages, depending on what individual lenders offer.
While the scheme makes low-deposit mortgages more accessible, lenders will still assess your income, credit history, and affordability before approving an application.
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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4.98 Rating44 Reviews
Keith
Having pursued several other avenues and been met with unsatisfactory and unhelpful responses, we randomly selected UK Moneyman to see what advice they could offer. What a great help they have been, taking time to find the right solution for us and...
1 week ago
Anonymous
Fantastic! Quick with no issues very professional will definitely use again in the future!!
1 month ago
Catherine
I loved that they were straight forward and down to earth. When money matter feel overwhelming, they came with a calm prospective. The advisors have always been relaxed and helpful, and always professional.
3 months ago
Christine
Amazing people ro work with very happy with the service
7 months ago
Mr.
The process was trouble free. I was happy with both the service and the product. I would recommend the company.
9 months ago
Leona
very good service and information provided was clear especially for someone like me who needed guidance as a first ime buyer thank you
10 months ago
K
Excellent service and guidance all the way through the process. Leo and Lizzi were very helpful in finding me the right product.
1 year ago
Diane
Very professional and kept me informed throughout the process of securing our equity release. I would recommend them especially for those who are a little unsure of how equity release works and if it's right for them
1 year ago
Diane
Very helpful, easy to get hold of when needed! Able to answer all my questions
1 year ago
Ajay
Made the process easy and understandable, presented all possible options and advised on what would be best suited for us. Always available to answer any queries or resolve any issues that arise. Would definitely use again in the future.
2 years ago
Luke
Incredibly quick, concise and professional. Regularly kept in he loop and gained all the knowledge required to be able to buy a property. Couldn't of asked for anything more and I can't thank them enough for all the help received.
2 years ago
Carol
Friendly efficient service, took their time to explain the procedure etc, I would definitely recommend them.
2 years ago
Joshua
Leo is always a pleasure to talk to. Very friendly and knowledgeable, and allows us to ask questions, no matter if we’ve asked before orbits really obvious
2 years ago
Gurjeet
Really helpful and clear.
3 years ago
Gemma
From first discussions with Tom to being passed over to Lyndsey, the whole process was easy and seamless. Everyone I have dealt with at Moneyman have been really helpful and friendly, which has helped take the stress out of applying for a...
3 years ago
Matthew
Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!
3 years ago
Susan
Very good service over the moon Wayne and Megan no there stuff
3 years ago
Dean
4 weeks and got my offer very good service from Wayne and Megan can not fault them
3 years ago
Anonymous
Great service
4 years ago
karan
Fantastic service. From start to finish I had everything clearly explained and the broker always had my best interest in mind. I highly recommend for first time buyers!
4 years ago
Book a free initial consultation to discuss your eligibility for the Mortgage Guarantee Scheme in Coventry.
Our experts will assess your financial situation and guide you through the next steps.
We compare thousands of mortgage deals, including those available under the scheme, ensuring you find the most suitable fit for your circumstances.
Our team will explain the differences between lenders and help you choose the right option.
Once you’ve selected the most suitable mortgage, we handle the full application process to ensure everything is completed accurately.
We’ll liaise with the lender to keep things running smoothly and improve your chances of approval.
After your mortgage is approved, we support you through the final steps, ensuring a stress-free process.
We’ll work with your lender and solicitor to finalise everything so you can move into your new home with confidence.
We offer a free, no-obligation appointment to discuss your options for a CCJ mortgage in Coventry, helping you understand what’s available based on your financial situation.
Our team provides expert guidance tailored to your needs, ensuring you make an informed decision.
By assessing your circumstances, we can match you with lenders who are more likely to accept your application.
We have access to thousands of mortgage products, including specialist lenders who consider applicants with CCJs.
Unlike high-street banks, specialist lenders assess applications differently, meaning you could still be eligible for a mortgage even if you’ve been declined elsewhere.
We compare all available options to find you the most competitive deal based on your financial profile.
Our experienced mortgage advisors provide personalised support, guiding you through every stage of the process.
We handle all the paperwork, liaise with the lender on your behalf, and ensure that your application is as strong as possible.
From your initial enquiry to mortgage approval, we are committed to making your journey as smooth and stress-free as possible.
We understand that life can be busy, which is why our team is available seven days a week.
Whether you need an appointment in the evening or over the weekend, we work around your schedule to ensure you get the mortgage support you need.
Our flexible availability means you can access expert mortgage advice in Coventry at a time that suits you best.
Read our 44 Reviews
Coventrymoneyman 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.
© Coventrymoneyman 2009–2026
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Coventrymoneyman 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.
© Coventrymoneyman 2009–2026
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