Britain has agreed fees, capital relief for mortgage plan-source

Reuters

MANCHESTER, England, Sept 30 (Reuters) - Britain has agreedthe capital relief and fee structure for its mortgage guaranteescheme which it plans to introduce in the week starting Oct. 7,a government source said on Monday.

"We expect the majority (of the) lenders will ultimatelyparticipate," the source, who spoke on condition of anonymity,said. "We expect other lenders to confirm in the weeks andmonths ahead - between now and January - that they will beparticipating - probably not all of them but the vast majority.

"House prices are basically flat in most of the country sothis is a broad recovery from an extremely low base," the sourcesaid.

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