Barclays to join Help to Buy scheme

Source BBC News@ tienganhvui.com

11 October 2013 Last updated at 06:11 ET

Homebuyers in England may be able to find a mortgage, even if they do not have huge savings

Barclays has become the latest bank to announce it is signing up to the government's Help to Buy scheme.

This means lenders representing well over 50% of the UK's mortgage market have said they will sign up to the project.

The government's initiative is designed to allow those who can afford only small deposits to buy a home.

The move leaves Nationwide Building Society as the UK's only major mortgage lender yet to decide whether to join.

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