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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 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".

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