The government should reconsider its Help to Buy housing scheme, according to business secretary Vince Cable, who spoke of a "raging housing boom' in London and South East England.
The Help to Buy scheme, the second phase of which was launched in October and allows first-time buyers to acquire a property using smaller deposits, should be reviewed by the government, Cable told the BBC's Andrew Marr Show. "We certainly need to look at that [scheme] again," he said. "It was conceived in very different circumstances." There have been concerns among stakeholders that the Help to Buy scheme has boosted house prices too quickly. Cable warned of a danger of the Bank of England not raising interest rates, the danger being, he said: "[that] this boom that's taking plac...
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