More than 130 builders have expressed an interest in the newly launched government-backed NewBuy mortgage indemnity initiative.<br> <br> NewBuy will enable lenders to supply 95% mortgages to buyers of new homes in England, with the builders and government acting as co-guarantors of the loan.<br> <br> At the launch it was confirmed that the loans will be offered on properties built by Barratt, Bellway, Bovis, Persimmon, Redrow and Taylor Wimpey with Barclays setting its interest rate at 4.99% for a two year fixed rate mortage, Nationwide offering a 5.69% three year fixed and NatWest pricing a two year fixed at 4.29%. The NatWest scheme will also be available on Linden Homes properties while Crest, Miller, Berkeley and several others are set to join the scheme imminently.<br> <br> NewBuy is available on new homes up to £500,000 and not just first time buyers. Launching the scheme the prime minister David Cameron said: "I want us to build more homes and I want more people to have the chance to own their own home. It's no good hoping people will climb the property ladder if the bottom rung is missing. Affordable properties and available mortgages are vital."<br> <br> Many housebuilders welcomed the initiative. …