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'Help-to-Buy' scheme to help mortgage deposits

A new 'Help-to-Buy' scheme will be introduced for those struggling to find mortgage deposits. It will include £3.5 billion for shared equity loans, and a Government interest-free loan worth 20% of the value of a new build house.

The Chancellor George Osborne is delivering his Budget. Credit: PA Wire

The new mortgage guarantee is sufficient to support £130 billion worth of loans, to help people who cannot afford a big deposit.

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