24.01.2012 - Homebuilders get U.K. boost from Cameron with 5pct down payments: Mortgages
The British governmentís plan to help reduce down payments for new homes to as low as 5 percent will give a boost to a homebuilding industry thatís learned how to survive a slowing economy and four years of stingy credit. Mortgage lending is less than half the level of 2006, at the end of the housing boom, with buyers now required to pay as much as 25 percent of a homeís value up front...............................................Full Article: Source
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