(Corrects spelling in headline to 'advice', not 'advise')
LONDON May 20 British Prime Minister David
Cameron said on Tuesday he would consider changes to the
government's 'Help to Buy' mortgage guarantee scheme if advised
to do so by the Bank of England.
The central bank is looking at new measures to control
mortgage lending amid a shortage of home building, Governor Mark
Carney said at the weekend in his strongest warning to date
about the risks of a housing bubble.
"It is absolutely right that we are alert to any dangers and
problems," Cameron told BBC radio when asked about recent rises
in house prices.
When asked if the government would consider changing the
Help to Buy mortgage guarantee scheme to reduce its upper
borrowing limit, Cameron said: "Of course. We will consider any
changes that are proposed by Mark Carney."
'Help to Buy' allows people to buy property worth up to
600,000 pounds ($1.01 million) with deposits as a low as 5
($1 = 0.5943 British Pounds)
(Reporting by Belinda Goldsmith, writing by Guy Faulconbridge)