Mortgage guarantee scheme concerns lenders | Money | guardian.co.uk
Lenders have said there are insufficient details available to decide whether government plans to guarantee mortgages on new-build homes will mean more deals and cheaper rates for borrowers with small deposits.
Several lenders have expressed concern that measures to make buying new-build properties easier were being rushed through with too little thought. One which refused to be identified said the proposals were "as welcome as a cup of cold sick", while another described them as "insane".
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