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New Christian mortgage scheme offers hope for church growth

Church leaders across Britain will be able to receive help in raising cash for new buildings thanks to a Christian bank which has launched an exclusive mortgage range especially for them.

Church Mortgages Direct, from Kingdom Bank, will help churches buy and build premises – something high street banks have often refused to help fund.

Under the scheme, launched earlier this month, money collected through the donation plate from church congregations each week will be considered as valid income on which to base their loans.

Church Mortgages Direct said it would also be able to consider financing church-backed social action projects which could help meet any property investment needs, such as extensions or new builds for schemes such as drug rehabilitation or homeless centres.

Full story at Christian Today.