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Help to Buy scheme 'helps aspirational people'

29 September 2013 Last updated at 09:06 BST

The government has announced that it is bringing forward its Help to Buy scheme to next week.

Under the £12bn scheme, the government will guarantee 15% of a mortgage, allowing lenders to provide up to 95% mortgages at reduced risk.

Speaking on BBC Breakfast, Conservative Party chairman Grant Shapps said that it was aimed at encouraging "aspirational" people.

"The truth is, people are living at home, often into their thirties, I think it's not right, it's not fair," he said.