OBR Cool on Help to Buy Scheme

The Government’s Help to Buy scheme will not have a major impact on house building, the Office for Budget Responsibility has said. Appearing before the Treasury Select Committee, the OBR’s Steve Nickell instead warned the scheme, which sees the Government offering guarantee for parts of buyers’ mortgages, would drive up prices in the short term.”  Mr Nickell said the scheme might help the situation “a bit”, but would not significantly boost the market.