 Interactive Investor senior personal finance analyst Myron Jobson said: "While not a roaring success, over 361,000 properties were bought under the scheme, giving hundreds of thousands of people a leg up onto the property ladder. "However, while well intentioned, the scheme had an unintended consequence of artificially inflating portions of the housing market, with developers hiking up prices for their Help to Buy-eligible homes." The big question is: will house prices fall when the Help to Buy scheme ends? Experts say the answer is 'maybe' - but property prices might be set for a fall anyway. House prices are set to drop over the next year due to surging mortgage rates with a chief economist saying "storm clouds are visible". Experts say house prices are set to drop by 10-15% over the next two years. The end of Help to Buy will definitely make new build homes more unaffordable for many first-time buyers. David Hollingworth, of){kind=link}
The Help to Buy equity loan scheme closes to new applications from October 31, with first-time buyers left in a trickier situation if they have their hearts set on a new build
The controversial Help to Buy scheme ends this month – and experts say it could factor in to house prices falling.
The Help to Buy equity loan scheme was launched in 2013 to help homebuyers with small deposits.
The Government programme lets first-time buyers buy a new house or flat with a 5% deposit.
People using the scheme then buy a house using a Governmment deposit of 20% of the property value – or 40% in London.