Shapps' NewBuy idea safe as houses?

Adrian Holliday

A drumroll for the Government NewBuy mortgage scheme: up to £500,000 per property, underwritten by the government, will be available for those looking to buy a new-build property.

It's hoped that the move will help nudge the UK housing market out of its current rut. But if you're struggling to get on the property ladder, is NewBuy right for you?