Housing stimulus details developed

Updated


George Osborne
George Osborne

The Government today insisted only credit-worthy borrowers will be able to buy homes with its expanding housing stimulus programme as it revealed more details on the Help to Buy scheme.

Chancellor George Osborne met major housebuilders and mortgage lenders to flesh out plans to underwrite £130 billion of mortgage lending with state guarantees - including banning second home buyers and people with property abroad.
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