Media playback is unsupported on your device

Help to Buy: '£600,000 limit is too high'

27 September 2013 Last updated at 11:29 BST

Chancellor George Osborne has asked the Bank of England to review the government's Help to Buy housing scheme so that it does not fuel a property boom.

The Bank could reduce the existing £600,000 cap so that fewer homes are affected.

Managing Director of Propertychecklist.co.uk Kate Faulkner told the BBC the limit should be reduced: "The level I'd look at would be £300,000... So that would limit the impact at the higher end of properties which are selling quite well anyway."

However she said there was not a danger of a housing bubble as price increases were still behind their long term average, "We've still got six years of awful falls to catch up on".

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.