Help to Buy is a targeted scheme designed to help people who aspire to own a home. By increasing mortgage availability it will support the construction of new homes and help to boost the economy.
All mortgages sold under Help to Buy will have to meet clear criteria that ensure responsible borrowing. Nobody wants to see a return to the bad old days of 125% mortgages.
The intention of Help to Buy is absolutely clear - it is for people who want to own their first home or move to a bigger home, not a second home. We're working with the industry on the details of the scheme to do just that.
More top news
Springtime scarves rather than shorts this week, as Spring bounces off for the time being
A large shipment of cocaine has been seized from a boat intercepted at sea by the Royal Navy and Coastguard.
World Superbike champion and TV presenter joined thousands of other bikers at an event to raise money for the Midlands Air Ambulance.