The government’s multibillion-pound Help to Buy loan scheme could prove to be a risky investment, according to both the head of the National Audit Office and the chair of the influential Public Accounts Committee of MPs.

If property values fall sharply the government’s ablility to recoup the near £12bn it has loaned out to buyers of new-build homes in England could come under pressure, according to the National Audit Office (NAO) boss Gareth Davies.

Read more…