The UK Housing Minister, Grant Shapps, has announced there will be a new £20 million Preventing Repossessions fund to help homeowners in danger of being repossessed, something which will enable local councils to offer interest-free loans to homeowners.
UK Housing Minister Announces £20 Million Fund to Help Prevent Repossessions
February 13, 2012 by Allison Halliday
UK Government Aims to Get Britain Building Again
January 27, 2012 by Allison Halliday
UK Plans State Funded Mortgage Scheme
June 21, 2011 by Allison Halliday

The UK government has joined forces with more than 100 home-builders to help first-time buyers get a foot on the housing ladder. The government-backed scheme costing £500 million will help reduce the size of required deposits to 5% of the property’s value, with the government and home-builders each providing interest-free loans equivalent to 10% of
Filed Under: Real Estate, US Real Estate, World Real Estate Tagged With: Arsenal, Barratt Developments Plc, Bovis Homes plc, Council of Mortgage Lenders, Grant Shapps, Gunners, Islington, Ken Friar, Persimmon plc, UK government