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Evening Standard
Evening Standard
Business
India Block

A government backed 99% mortgage scheme in the Spring Budget looks likely — but would it work in London?

London United Kingdom

There have been more suggestions from Conservative party that a government-backed 99 per cent mortgage will be launched next month.

Government insiders told the Financial Times it is “likely” the scheme will be included in the Spring Budget, which is due to be delivered by Chancellor Jeremy Hunt on March 6.News that prime minister Rishi Sunak was reportedly considering the 99 per cent mortgage first broke in the Independent last month.

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