Builders sign up for NewBuy mortgage scheme

April 1, 2012
More than 130 builders have expressed an interest in the newly launched government-backed NewBuy mortgage indemnity initiative. NewBuy will enable lenders to supply 95% mortgages to buyers of new homes in England, with the builders and government acting as co-guarantors of the loan. At the launch it was confirmed that the loans will be offered on properties built by Barratt, …

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