The government's Help To Buy scheme, designed to boost the housing market, creates "medium and long-term risks to the taxpayer", MPs have warned.
The Public Accounts Committee said the portfolio of mortgage loans would create a "heavy administrative burden", the BBC reports. It also questioned whether it represented value for money for the taxpayer....
Avoids paperwork with two-step process
Investment process will use machines
Mark Sterling accused of operating a collective investment scheme without authorisation
'Increasing engagement will only favour those prepared to put in the effort'