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Bank to supervise housing plans

George Osborne is to give the Bank of England a greater check over the government's Help to Buy scheme to ensure it does not fuel a housing boom. The Bank will make annual reviews, rather than every three years.

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Mortgage lenders welcome Bank's wider housing role

The Council of Mortgage Lenders has welcomed plans announced by Chancellor George Osborne that there will be a regular review of the Help to Buy mortgage guarantee scheme.

We now have an indication of how and when the Bank of England will determine whether the scheme needs to change during its three-year proposed lifespan, and this annual review will be a key deciding factor in that.

– CML director general Paul Smee

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