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
Colombian drug lord Daniel Barrera Barrera was fined $10m for manufacturing hundreds of tonnes of cocaine that he trafficked globally.
The 37-year-old Somali immigrant to Canada died after being beaten by several police officers, according to local media reports.
This evening it'll become largely dry across the UK as the showers in the west gradually die down.