A home loan from the boss

Kasmira Jefford
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A SCHEME that allows people renting property to take out an interest-free loan from their employer for their deposit is to be rolled out across the UK after launching in London last year. The scheme, which will work like the season ticket loan, already in place to help commuters pay for their travel costs, was launched by London Mayor Boris Johnson with charity Shelter yesterday. The Co-operative Group will be the first employer to offer it to its 70,000-plus employees.