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Daily Telegraph: "Building societies warn on 'house price bubble'"

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"The Building Societies Association (BSA) has joined criticism of the Government's Help to Buy scheme, warning that it could create a house price bubble.

The BSA said it was 'critical' to have a clear exit strategy from Help to Buy's mortgage guarantee scheme in particular, which is due to launch early next year.

Paul Broadhead, head of mortgage policy at the BSA, said:
"Care is needed to prevent the actions taken today inadvertently causing a distorted housing market in three years time - a market where state intervention has artificially hiked prices."

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