Orbit Homes has become an approved provider of the Government-backed NewBuy scheme - which allows buyers to secure a mortgage with 5% desposits.Having joined forces with the Royal Bank of Scotland (RBS), Orbit will offer NewBuy to those previously priced out of homeownership.Under the scheme, Orbit invests a sum with RBS as a desposit and security for the mortgage lender which is refunded after a number of years. NewBuy is designed to help all buyers rather than just those taking the first step ...
