Housing Minister Grant Shapps
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Minister Grant Shapps: Housing plan is 'responsible'

Plans to allow first-time buyers of new homes to borrow up to 95% of the value, with the government underwriting part of the risk, are to be unveiled.

They are part of a scheme to deal with an acute shortage of affordable homes.

Housing Minister Grant Shapps said the scheme would not put the taxpayer at ''unreasonable risk'' and is ''responsible''.

  • 21 Nov 2011
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