The government's popular Help to Buy mortgage scheme could threaten financial stability if it is mismanaged, a group of MPs has warned.
The Treasury Select Committee (TSC) said "great care will need to be taken" in how the scheme is run. Banks have today begun to unveil mortgages which they will offer under the expanded Help to Buy scheme. RBS, NatWest and Halifax will start taking applications this week and Virgin Money will join from January, according to the BBC. But TSC chairman Andrew Tyrie said it is vital ministers closely scrutinise the scheme's impact. "Given the chequered history of government interventions in residential property, great care will need to be taken in both the construction and running o...
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