David Cameron: "I'm not going to stand back while people's aspirations to get on the housing ladder... are being trashed"

A controversial scheme allowing people across the UK to take out 95% mortgages will be launched next week - three months earlier than planned.

PM David Cameron made the announcement as the Conservatives gathered in Manchester for their annual conference.

He rejected fears the Help to Buy scheme will fuel a housing bubble.

He told the BBC's Andrew Marr show the market was "recovering from a very low base" and first-time buyers needed help to get on the housing ladder.

"As prime minister I am not going to stand by while people's aspirations to get on the housing ladder are being trashed."

He added: "If we don't do this it will only be people with rich parents to help them who can get on the housing ladder - that is not fair, it is not right."

Blog submitted by: Originally from a BBC news article.

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