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Help to Buy scheme warnings

George Osborne has announced details of an extension to his mortgage guarantee scheme to help people buy existing homes, pledging that the plans "will boost housebuilding." But industry representatives have warned about the dangers of the policy.

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Osborne: New scheme 'will boost housebuilding'

The Chancellor has met lenders and builders to discuss details of the Government's mortgage guarantee scheme:

The mortgage guarantee will support an increase in high loan-to-value mortgages for people who can’t afford large deposits, and it will also boost housebuilding.

As of today, lenders have the detail they need to go away and get ready for next January’s launch.

– George Osborne, Chancellor

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