David Cameron launches Help to Buy scheme

The video discusses the Help to Buy scheme aimed at assisting potential home buyers like Mike Unsworth and Claire Williams. The scheme allows buyers to purchase homes with a 5% deposit, with the government insuring 15% of the purchase price. This initiative is expected to boost house sales and make home ownership more accessible. However, there are concerns about a potential housing bubble, and the government, along with the Bank of England, will monitor the situation closely. Lenders like RBS and NatWest are participating, but buyers need a good income and credit rating to qualify.

What is the main purpose of the Help to Buy scheme?

How much deposit do buyers need to qualify for the Help to Buy scheme?

Who are some of the lenders participating in the Help to Buy scheme?

What potential risks are associated with the Help to Buy scheme?

What concerns do lenders have regarding the Help to Buy scheme?