Chief Secretary to the Treasury Danny Alexander says Help to Buy "is not fuelling a housing boom" and dismissed calls for the mortgage scheme's limit to be cut.
Currently, mortgage guarantees are available for homes valued up to £600,000 - but Mr Alexander insists that the scheme is primarily helping people at the lower end of the market.
"What people should take confidence from in these figures is that Help to Buy is helping 95% outside of London, and it is helping people on low and middle incomes," he said.
"The average house price for people who are buying a property under the [mortgage] scheme is £150,000."
More top news
The budget supermarket published an ad today poking fun at a Sainsbury's poster urging staff to extract "an additional 50p" from customers.
In what appeared to be a direct challenge to Ed Miliband, the Ukip leader tucked into the sandwich during a pre-byelection walkabout.
Wonga, under Errol Damelin, was lending irresponsibly on an almighty scale, 375,000 people is larger than the population of Cardiff.