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The New Buy Guarantee Scheme for Builders
- June 15, 2012
- Posted by: Lance Buchanan
- Category: Construction News
No CommentsThe government recently launched a new scheme for builders to boost the construction and housing sector by providing bank guarantees on 95% mortgages. The NewBuy Guarantee scheme is designed in such a way that banks would be protected against losses if they offer mortgages with a 5% deposit. There are two conditions for this scheme-