The Mortgage Guarantee Scheme will boost the housing market according to Andy Scaife, chief executive of O’Neill Patient. During the Budget, the government confirmed the creation of a Mortgage Guarantee Scheme, which is designed to encourage lenders to lend at 95% LTV. Scaife believes this scheme is a better option to stamp duty, as he believes it is a long-term solution rather than a short-term fix. He said: “Of course, no-one wants to see a sharp drop in housing transactions following the end of the stamp duty holiday; and this 95% mortgage guarantee will be a good way to keep the market steady and help those with small deposits.