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Housing Today
Trusted media brand of the Chartered Institute of Housing
Lenders sign up to mortgage guarantee scheme
However, fears raised that new-build properties will be excluded from government-backed loans
Mortgage lenders have pledged their support for a government scheme, launched today, to offer Treasury-backed 95% loan-to-value mortgages for first-time buyers.
The housing ministry said that six of the UK’s biggest lenders – Lloyds, Santander, Barclays, HSBC, NatWest and Virgin Money – were all launching 95% mortgages under the scheme. Many are launching the products today.
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