Sunday Telegraph: "Call to scrap Help to Buy in London as prices become 'absurd'"

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"One of the leading players in the UK housing market has said that the Government should abandon its 'Help to Buy' mortgage support scheme in London.

Nigel Wilson, the chief executive of the insurance and investment giant, Legal & General, said that the scheme risked stoking a price bubble which would put homes out of the reach of all but the most affluent.

In an interview with The Telegraph, Mr Wilson argued that house prices in London and the South East had reached 'absurd' levels, and said that the Government support scheme for mortgages for houses up to £600,000 was pushing up demand, at a time when the supply of affordable housing was the problem."