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UK: Property industry welcomes Government’s mortgage proposals

Posted on 22 November 2011

UK housebuilders say proposals to boost the availability of 95pc mortgages will allow more homes to be built and are a “great deal” for potential home buyers.
The Prime Minister has unveiled a taxpayer and industry-backed insurance scheme that will protect mortgage lenders against a borrower defaulting. It is hoped this will lead to banks requiring smaller deposits from home buyers for a mortgage and lead to more buyers in the housing market………………………………………..Full Article: Source


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