What exactly is Help to Buy? (Podcast cut)

On Budget day, March 2013, Chancellor George Osborne launched a scheme intended to help first-time buyers but was described at the time by This is Money as a 'very good day for builders'.

Help to Buy was seen as just another ploy to prop up the UK housing market by helping first-timers borrow even more money to try to enter the housing market.

It came in for flack then and is in the spotlight again, accused of forcing up house prices, benefiting the rich and trapping some people in homes they cannot afford.

In this short clip, editor Simon Lambert, explains exactly what it is and whether the disaster waiting to happen from 2013, is happening.