2011-06-20bloomberg.com

"Barratt Developments Plc and more than 100 other U.K. homebuilders will help first-time homebuyers get cheaper mortgages through a government-backed lending program... The 500 million-pound ($809 million) plan will help reduce the size of deposits to about 5 percent of a home's value, Housing Minister Grant Shapps said in a statement today.'' -- 5%? People would be crying bloody murder in the US!


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