Help to Buy Mortgage works the same with other mortgages. The Mortgage Guarantee scheme is not intended to protect the home buyers. It is mainly to protect the mortgage lenders. Under this scheme, the buyer needs to acquire 5% of the market value of the property. On the other hand, the Help to Buy mortgage provides the lenders with 15% guarantee. The idea with this is to protect banks and building societies so that they may be willing to lend larger mortgages to buyers. Moreover, the government was hoping that through this guarantee, buyers can expect lower rates to their mortgages. Just like with other Help to Buy schemes, you cannot apply for the Mortgage Guarantee if it’s for a second home or you plan to rent out the property. The Help to Buy Mortgage Guarantee was initially launched in 2014. It was officially introduced in 2013 ending in 2016. Today, there is no longer Mortgage Guarantee that buyers can try to attain a better chance of getting a mortgage. However, the equity loan helps to cover a part of their home’s purchase price and Help to Buy many partner banks and building societies to offer them with mortgage loans.