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 primary goal of the Help to Buy scheme?

• To promote foreign investment in real estate

• To reduce government spending

• To assist people in buying homes with a small deposit

• To increase rental properties

How much of the purchase price does the government insure under the Help to Buy scheme?

• 5%

• 10%

• 15%

• 20%

Which of the following banks is NOT mentioned as participating in the Help to Buy scheme?

• Halifax

• HSBC

• NatWest

• RBS

What is a potential risk associated with the Help to Buy scheme?

• Decrease in housing quality

• Creation of a new house price bubble

• Increase in rental prices

• Reduction in government revenue

What do lenders require from buyers to qualify for the Help to Buy scheme?

• A good income and credit rating

• A history of renting

• A government job

• A large family