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5% Deposit Home Mortgage Information The coronavirus pandemic saw several 5% deposit home loans removed from the market. However they're back now many thanks to a brand-new government scheme.The system, which began April 2021, uses lending institutions a guarantee to motivate them to use 5% deposit home loans. These home loans can be used for a major domestic residence and also can not be backed by buy-to-let or 2nd homes.They're a great method to make home-buying available for even more people.After the coronavirus pandemic, a lot of possible home-buyers struggled to jump on the residential property ladder. This is due to the fact that lending institutions frequently require a deposit of 10%or even more, which many individuals don't have.The great news is that home loans with 5% deposits are back! This is due to the fact that the UK government introduced a plan to motivate mortgage lending institutions to use them once again. This system is referred to as the Mortgage G...