Reduced mortgages scheme: "I only need to save £4500 instead of £10,000":

Christina East will benefit from a new scheme for first time buyers launched by Leicestershire County Council. Savers can apply for mortgages which require as little as a 5% deposit, half the amount normally required.

The council and Lloyds TSB hope to help 400 new buyers onto the property ladder with the 'Lend a Hand' scheme.

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Help For Home Buyers

First-time buyers in Leicestershire can apply for mortgages under a new scheme being launched today which require as little as a £5,000 deposit, half the amount that would usually be required.