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The government says that its Help to Buy scheme will assist people trying to get on the housing ladder who can afford mortgage repayments but are struggling to raise a deposit.
But critics say that the government guarantee, that forms part of the second phase of the scheme, could create a housing bubble in the UK.
Not all mortgage seekers will be able to sign up, and those who do will still have to go through "rigorous" affordability checks by their lender.
http://www.bbc.co.uk/news/business-24447335
But critics say that the government guarantee, that forms part of the second phase of the scheme, could create a housing bubble in the UK.
Not all mortgage seekers will be able to sign up, and those who do will still have to go through "rigorous" affordability checks by their lender.
http://www.bbc.co.uk/news/business-24447335
