22.11.2011 - UK: Property industry welcomes Government's mortgage proposals
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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