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£170m scheme to help people buy new-build homes

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's chief executive, Graeme Yorston, told the BBC Wales business correspondent, Brian Meechan, how the scheme will work.

'Help to Buy' homes scheme starts

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