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£170m Help to Buy home scheme starts in Wales

A £170m Help to Buy scheme has come into force which aims to help people afford new-build properties.

Buyers of new-build homes under £300,000, who have a 5% deposit, can apply for a loan of up to 20% of the property's value.

The Principality Building Society said it will bring "stability and growth" to the housing market.

Its chief executive said he understood concerns it could fuel another housing boom but said checks were in place.

Business correspondent Brian Meechan reports.

  • 02 Jan 2014
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