(Reuters) - The British arm of Spanish bank Santander
The scheme, known as Help to Buy, allows home buyers to put down a deposit of as little as 5 percent and gives banks greater protection against losses. It also allows them to set aside less capital than against a normal mortgage.
"We are going to participate. The programme was originally meant to begin in January so we will try to advance that. We will announce the details on how we will participate closer to the date when we will be launching," Botin told Reuters after speaking at an event in London.
State-backed Royal Bank of Scotland
(Reporting by Steven Slater; editing by David Evans)