NatWest and Barclays make major announcement for customers moving home

Dariusz Karpowicz, Director at Doncaster-based Albion Financial Advice, agreed, adding: “Offering 95% mortgages on new builds is like buying a new car with borrowed money, you lose value the moment you sign.

“New builds typically sell at a premium that disappears once you move in, wiping out your 5% deposit instantly. If property prices drop even slightly, you’re trapped in negative equity before you’ve hung your first picture.

“The Mortgage Guarantee Scheme protects the banks, not you. These lenders are scrambling for business whilst developers struggle with falling reservation numbers.

“You’d do better saving for a proper deposit rather than rushing into a property that costs more than it’s worth. This move shows how badly the housing market needs genuine support, not risky lending that benefits banks and builders at your expense.”