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Evening Standard
Evening Standard
Business
Cat Olley

Mortgage Guarantee Scheme extended – 10 of the best London first-time buys under £600,000

There was perhaps little to excite – or placate – London's renters in last week's Autumn Statement, though Jeremy Hunt's pledge to extend the Mortgage Guarantee Scheme may prove a boon to those hamstrung by a small deposit.

Originally planned to end next month, the scheme provides a guarantee to lenders which enables them to offer 95 per cent mortgages on properties up to £600,000.

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