'Uvestinhampshire' will help Hampshire homebuyers (From Daily Echo)
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'Uvestinhampshire' will help Hampshire homebuyers
10:35am Friday 27th March 2009 in
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- By Peter Law » Feature Writer
BOSSES of a new bank for Hampshire were today unveiling plans to help scores of people buy homes.
Business leaders behind the unique financial institution – dubbed “uvestinhampshire” – are aiming to attract £15m of investment over the next three months to fund the loans.
They hope to tempt investors from across the world to pump their pension funds and reserves into the fledgling bank with high returns.
Loans to top up deposits will then be offered to hopeful homebuyers, exclusively in Hampshire, who are struggling to get on the housing ladder.
The scheme, which was first revealed by the Daily Echo last month and is the first of its kind in Britain, will be outlined to council leaders at a meeting of the Hampshire Senate today.
Comments(3)
Miles Sway
says...
11:18am Fri 27 Mar 09
Irate Wintonian
says...
4:21pm Fri 27 Mar 09
Potential to turn sour VERY quickly if you ask me.
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Lone Ranger says...
11:07am Fri 27 Mar 09