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Government considers 0 per cent mortgages

The Government is considering bringing in 0 per cent mortgages for people on low incomes and 60,000 starter homes reports according to media reports.

The Office of the Deputy Prime Minister has confirmed it is considering offering subsidised loans for people on low incomes to help them on to the housing ladder.

The plans are expected to form part of a housing strategy to be unveiled by Deputy Prime Minister John Prescott in the next few weeks.

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