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Mortgage warning as 95 percent deal dubbed ‘political message’ – but hope left for savers

However, with a similar Government support measure, the stamp duty holiday, also having a cliff edge ending, there have been some concerns about history repeating itself and causing issues for Britons.

Richard Hayes, CEO at Mojo Mortgages, also spoke to Express.co.uk and attempted to allay these concerns by looking at the potential long-term future of the scheme.

He said: “Government backing is due to end in December 2022, but you’d hope it’ll leave behind a mortgage market confident in 95 percent again. The signs are good, with some lenders who don’t have the Government-backed deals, like Accord, already doing it.

“If this happens more, you’d hope to avoid artificial peaks and spikes in demand we saw as the Stamp Duty break looked to be coming to an end.”

This was a point also echoed by Mr Coulson, who highlighted a key difference between the stamp duty measure and the new 95 percent scheme.

He continued: “I think the difference with this is that there are already lenders who were coming back to 95 percent without the guarantee scheme


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