Prime Minister David Cameron has been forced to defend the government’s under fire Help to Buy scheme after continued criticism.
He said that the scheme would simply help people get onto the housing ladder and
would not encourage reckless lending.
Council of Mortgage Lenders chairman Nigel Terrington added his voice to the criticism of the scheme on
Friday, saying the government needed to abandon ‘sound bite' mortgage and
"For political reasons over recent years we have seen the rise and fall of
many housing and mortgage schemes; in fact, more policies - and more years -
than many of us will care to remember," he told an audience in London.