What is the mortgage guarantee scheme in Scotland, and am I eligible?

If you're a first-time buyer in Scotland, you may have heard of the Mortgage Guarantee Scheme. But what is it, and how can it help you get onto the property ladder? In this video, we'll explain everything you need to know about the Mortgage Guarantee Scheme in Scotland.

We'll start by defining what the scheme is and how it works, including the government-backed guarantee that it offers to lenders. We'll also discuss the eligibility criteria for the scheme, including income requirements and property price limits.

We'll go over the benefits of the scheme, such as being able to purchase a home with a smaller deposit, and provide advice on how to apply for the scheme. We'll also highlight any deadlines or timeframes that need to be considered when applying.

If you're considering the Mortgage Guarantee Scheme in Scotland, it's important to have a clear understanding of how it works and whether you are eligible. Watch this video to learn more about this scheme and how it could help you buy your first home.

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00:00 What is the mortgage guarantee scheme in Scotland?
02:00 Am I eligible for the mortgage guarantee scheme in Scotland?
03:02 How to apply for the mortgage guarantee scheme

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