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Part exchange now available with MI New Home 95% mortgages (25.01.13)

Home buyers in Scotland looking to move up the housing ladder now have the option of trading in their existing property in part exchange for a new build up to the value of £250,000, and all with the benefit of a 95% mortgage through the MI New Home scheme.

The incentive, which is available from Monday 28 January, offers another solution to credit-worthy home owners by removing the problem of finding a buyer in the current market. Coupled with high deposit requirements averaging 25%, this can often result in a frustrating wait to purchase a new property.

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