Councillors in Worcester are to debate plans to set aside an initial £1 million to help first time buyers.
Under the proposed Local Authority Mortgage Scheme (LAMS), would-be homeowners would only be required to hand over a deposit worth just 5% of the value of the property they want to purchase.
Mortgage lending across the country is currently down by approximately 6% compared to last year. The proposed scheme aims to help residents who are struggling to raise the 20-25% deposit that ban...
