Low-deposit mortgage scheme launched
High Street lenders are now starting to offer mortgages to borrowers offering a deposit of just 5% under a new government guarantee scheme.
The policy, announced in the Budget, is designed to help more first-time buyers secure a home.
But the launch comes as average house prices in the UK continue to rise to record levels.
Analysts also suggest that cheaper deals are available for those able to stretch to a 10% deposit.
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Source: BBC Business
