Ministers fear Help to Buy scheme is pushing up house prices

The government's Help to Buy scheme could be axed amid fears it is benefiting wealthier households and pushing up house prices. 

Ministers are set to launch a 'fundamental review' of the policy that could see it replaced by a scheme that better targets those struggling to get their foot on the property ladder.

It comes as recently published research revealed that one in five households on Help to Buy have used it to upgrade their home rather than purchase their first house.

Ministers are set to launch a 'fundamental review' of the policy that could see it replaced by a scheme that better targets those struggling to get their foot on the property ladder

Ministers are set to launch a 'fundamental review' of the policy that could see it replaced by a scheme that better targets those struggling to get their foot on the property ladder

It comes as the government faces mounting pressure from mortgage lenders and property developers to announce plans to finance the policy beyond 2021, when the current tranche of funding runs out. 

However, the Daily Telegraph has revealed that ministers are weighing up a temporary extension to take it beyond 2022, though it could be a restricted version of the scheme.

It comes as

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