Nama to offer risk-free property purchase

Nama is to lure people into the property market by ring-fencing them against any future fall in house prices.

Under the pilot incentive scheme that was announced yesterday, the agency said it would guarantee the mortgages of 175 properties in a bid to kickstart the housing market.

If the scheme is successful, it said it could be rolled out to up to 700 properties, including those in the North.