Mortgage scheme to boost housebuilding in 2012

Dec. 1, 2011
The government's new mortgage indemnity scheme – the centrepiece of its recently launched housing strategy – could lead to an extra 10% to 15% new homes being built next year. Under the scheme, lenders will offer 95% mortgages on new homes at affordable rates safe in the knowledge that the loans will be underwritten by a new fund created by …

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