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My Department is not aware of any recent representations from housing associations of the kind described.Decisions concerning the pricing and availability of mortgages and loans, including loan-to-value ratios, remain commercial decisions for the boards of the individual banks and building societies.There are currently over 20 lenders, both wholly in the private sector or partly publicly-owned, supporting shared ownership. The current average level of cash deposit requested by lenders is generally 10% of the share being purchased. |