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Evening Standard
Evening Standard
Business
Ruth Bloomfield

Buying with a low deposit: UK’s biggest lender launches 5% mortgage for new build houses

Alms Gate: one of the few London houses that would qualify for Halifax’s new 95% mortgage is this one-bedroom terraced conversion in Lewisham from Kingsbury Stone, 020 3858 2644

(Picture: Rightmove)

The UK’s biggest lender has unveiled a 95 per cent mortgage which can be used to buy a new build house.

With only months to go until the Government’s Help to Buy scheme — which has given more than 350,000 households a leg up onto the property ladder with a five per cent deposit — is wound up, lenders are looking for alternative ways to help buyers with small deposits on to the housing ladder.

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