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
Frustrated NatWest customers have taken to Twitter after they were unable to login to their online banking today.
The government minister in charge of mental health has admitted there is still a 'postcode lottery' on the standard of care provided.
Kids Company founder Camila Batmanghelidjh has responded to allegations of child abuse and sexual offences against the charity.