Media playback is unsupported on your device

Help to Buy: More than 2,000 apply for government's housing scheme

11 November 2013 Last updated at 13:58 GMT

More than 2,000 people have applied to take part in the government's extended Help To Buy scheme.

The first phase of the project was launched in April, and aimed to help first-time buyers purchasing new-build homes.

The extended scheme is designed to encourage lenders to offer mortgages with deposits as low as 5%.

Some critics have warned that it could lead to a housing bubble.

Simon Gompertz reports.

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.