How will Help to Buy scheme help property seekers?
5 October 2013 Last updated at 08:44 BST
First-time buyers and current home owners who only have a 5% deposit can apply for a scheme to help them buy a new property.
The government will guarantee up to 15% of the mortgage.
Ministers say the second phase of Help to Buy will enable 190,000 people to buy a new home, but critics say it could cause a housing bubble.
Alice Baxter reports.