Development of mortgage indemnity scheme in Scotland
With constrained conditions still affecting the housing and mortgage markets in all parts of the UK, The Scottish Government is promising to see support for innovative ideas that aim to meet the aspirations of potential home owners.
Council of Mortgage Lenders’ policy consultant for Scotland, Kennedy Foster, commented: “We look forward to working with Homes for Scotland and its advisers on the scheme. While much work still needs to be done in developing the details, this is a promising step.”
Progress continues towards constructing a similar scheme for England and Wales, with developers and lenders actively working on a proposal for a joint initiative.