Taxpayer-backed mortgage indemnity scheme extended to all new home buyers

Friday, 3 February 2012

The government-backed 95% mortgage indemnity scheme originally intended for first-time buyers of new homes is to be extended to all buyers of new homes costing up to £500,000. Housing minister Grant Shapps has renamed the scheme NewBuy Guarantee, to be launched officially in March. Mortgage providers are still working on the fine...

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