Highland Council is the first in Scotland to launch a Local Authority Mortgage Scheme (LAMS). It will use £1m from its cash reserves to guarantee loans of up to 20% of a mortgage to help first time.
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Alasdair Christie, general manager of Inverness, Badenoch and Strathspey Citizens. A total of £11.2 million of debt (including £2.4m relating to mortgage/other secured loans) was presented to.
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