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| Link to Daily Telegraph |
"Tens of thousands of home buyers will today be offered 95 per cent mortgages by state-owned banks in a move which David Cameron says will make the 'dream of home ownership a reality'.
"Mr Cameron said:
"From today, thousands of people will be able to get a foot on the housing ladder by applying for the new Help to Buy mortgage guarantee. If you've got 5 per cent of the funds for a mortgage deposit, we’re providing a guarantee to the banks to help you get the rest.
Help to Buy is going to make the dream of home ownership a reality for many who would otherwise have been shut out. This goes right to the heart of my vision for Britain – a country where everyone who works hard can get on in life."
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