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Help to Buy scheme warnings

George Osborne has announced details of an extension to his mortgage guarantee scheme to help people buy existing homes, pledging that the plans "will boost housebuilding." But industry representatives have warned about the dangers of the policy.

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Chancellor meets lenders in 'Help to Buy' scheme

The Chancellor will host a round table meeting with major mortgage lenders and home builders to deliver details of how the Government's 'Help to Buy' scheme will work ahead of the lending under the guarantee to start from next January.

Chancellor meets lenders in 'Help to Buy' scheme Credit: Rui Vieira/PA Wire

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