There will soon be a mortgage guarantee scheme which would protect lenders against their losses if the borrowers fail to repay the loans. The main attraction of the new scheme is that it offers over one hundred thousand potential new buyers the chance to buy newly built properties with the initial deposit at just 5% as opposed to the usual 20 per cent asked by lenders.
The new scheme's main elements are increased subsidies for councils that take over neglected homes which have been left empty for a long time, an increase in the subsidy available to developers under the "Affordable Homes Programme." The Prime minister has announced a new housing scheme intended to make it easier for first time buyers to get on the property ladder, a mortgage guarantee scheme to encourage lenders to offer 95% mortgages to buyers of new homes and a change to the rules so that the money from the sale of council houses will go towards the building of new council homes.
The scheme is good news for UK building firms as well who will be responsible for erecting new housing estates and providing the new houses for first time buyers to move in to.
The scheme is good news for UK building firms as well who will be responsible for erecting new housing estates and providing the new houses for first time buyers to move in to.
The scheme is excellent news for UK building firms as well who will be in charge for erecting new housing estates and providing the new houses and flats for first time buyers to move in to.
The new scheme's main elements are increased subsidies for councils that take over neglected homes which have been left empty for a long time, an increase in the subsidy available to developers under the "Affordable Homes Programme." The Prime minister has announced a new housing scheme intended to make it easier for first time buyers to get on the property ladder, a mortgage guarantee scheme to encourage lenders to offer 95% mortgages to buyers of new homes and a change to the rules so that the money from the sale of council houses will go towards the building of new council homes.
The scheme is good news for UK building firms as well who will be responsible for erecting new housing estates and providing the new houses for first time buyers to move in to.
The scheme is good news for UK building firms as well who will be responsible for erecting new housing estates and providing the new houses for first time buyers to move in to.
The scheme is excellent news for UK building firms as well who will be in charge for erecting new housing estates and providing the new houses and flats for first time buyers to move in to.
About the Author:
Michael Fielding writes articles on behalf of Unit Plant Services. Unit Plant provide form work hire and scaffold hire for businesses or individuals who are looking to build structures or extensions to their homes.
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