LONDON, Oct 11 (Reuters) - British bank Barclays Plc said it will participate in a UK government-backedprogramme to help people buy their own homes with as little as a5 percent deposit.
Barclays said on Friday it is still working on the detailsof when it will launch offers under the scheme, and what typesof loans will be covered.
The scheme, known as "Help to Buy", gives banks greaterprotection against losses. But critics say it will help inflatea UK housing bubble.
Barclays joins other major UK lenders RBS, Lloyds, HSBC and Santander UK in signing upfor the scheme. Customer owned Nationwide is the onlybig lender to not commit to the scheme. It said it wasconsidering the plan.
Barclays (BARC)
Lloyds (LLOY)
HSBC Holdings (HSBA)