The Government's controversial mortgage guarantee scheme will help boost social mobility by opening up home ownership to those without wealthy parents, David Cameron has claimed. Figures showing average-income first-time buyers make up the bulk of 2,000-plus who have taken up the scheme in its first month. The Prime Minister said initial figures showed Help to Buy - which critics say risks fuelling a new house price bubble - was helping the "hardworking people" it was aimed at. He welcomed some of those accepted for a total of £365 million of home loans to a reception at Downing Street. Mr Cameron said the scheme would help address some of the concerns raised by former prime minister Sir John Major about the lack of social mobility in the country.
Video: Help To Buy 'Aids Social Mobility'
- Video: Hugh Grant - I had my face pinned back for scene in latest movie
- Video: Haunting new version of 'You're The One That I Want' sends perfume ad viral
- Video: Police name teenager killed in Carryduff car crash
- Video: Barack Obama's credit card declined
- Video: Rory McIlroy quizzed by fellow Holywood man and comedian Mike...
- Video: Shoppers freak out when the floor of this The North Face store disappears
- Video: Mystery fire hero carries trapped man from blazing house
Most Viewed Videos
Video: Lynda Bellingham dies in her husband's arms after losing her battle with... new
The 66-year-old star,...
Video: Ian Paisley memorial service in the Ulster Ulster Hall new
More than 800 people...
Video: Mystery fire hero carries trapped man from blazing house new
A mystery bystander...
Video: Council will look 'positively' at Ulster Orchestra plan
Ulster Orchestra crisis -...
Video: Hugh Grant - I had my face pinned back for scene in latest movie
Actor Hugh Grant took...
The Cloth Ear - Autumn 2014
Northern Ireland Nightlife: Cuckoo - October 2014
Roxy Nightclub, The Parlour, Groovy Train, The Eg
Oktoberfest at Filthy McNasty's
The Limelight - Oct 2014
DJ Sneak and Felix da Housecat at Belfast's T13
The National Bar birthday bash
Toga Party at The Fly, Belfast - Freshers Week 2014
Freshers Pub Crawl - Bar With No Name
Freshers Night at Ollies, Belfast - September 2014
Freshers' Night in The Fly
Ollies Bar - Sept 2014
The National Bar - Sept 2014
The Botanic Inn, Belfast Sept 2014
Belsonic 2014 pictures: Imagine Dragons, Soul Sister Soul Revolution and The Whereabouts fans
Belsonic 2014 pictures: Queens of the Stone Age fans
Belsonic 2014 pictures: Chic and Nile Rodgers fans
Northern Ireland Nightlife: The Limelight, Belfast - August 2014
Northern Ireland Nightlife: The Dirty Onion, Belfast - August 2014
Northern Ireland Nightlife: Secrets Nightclub, Magherafelt - August 2014
Vote: Who's Northern Ireland's greatest ever sports star?
WW1: Images of the horror, heroism, suffering and anguish
The Troubles gallery - IRA checkpoint, early 1970s
Reader pictures: Favourite Ulster beauty spots
Old school pictures: When Big Ian Paisley was little Ian
Mary Lou McDonald joins Gerry Adams in admitting she knew about IRA 'sex abuse... new
Sinn Fein's vice president...
Nigeria declared free of Ebola new
The World Health Organisation has declared that Nigeria is free of...
University of Ulster may cut intake by 3,000: Stormont funding crisis could see... new
The University of Ulster is...
Brits blow for Saracens new
Saracens hooker Schalk Brits will not return until "well into the new...
Tuilagi set for three-week absence new
Manu Tuilagi's groin injury will be assessed by Leicester...
Give Balotelli time, urges Rodgers new
Liverpool manager Brendan Rodgers has admitted...
Privacy payout for Cheryl's husband new
The husband of X Factor judge Cheryl Fernandez-...
Stone and Beck record poppy single new
Soul singer Joss Stone and guitar veteran Jeff Beck...
Cheryl and hubby in honeymoon phase new
Cheryl Fernandez-Versini has said she and her new...