Dickie and Heidi Steel
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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.