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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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Help to Buy scheme is a 'sticking plaster'

A National Housing Federation report has said that the Chancellor's Help to Buy scheme does not address the root of the housing crisis:

Making mortgage deposits cheaper to aspirant homeowners without increasing housing supply doesn't tackle the root of the problem. It simply risks creating another housing bubble where prices are pushed up.

These sticking plaster answers will not heal our critically injured housing market. We need a vision from our leaders that looks far beyond future elections - a long-term house building programme that will create jobs, pump money back into the economy and give hope to millions of young people around the country dreaming of adulthood and independence.Britain must get building again now. The future of the country - and our young people - depends on it.

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