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David Cameron: "I'm not going to stand back while people's aspirations to get on the housing ladder... are being trashed"
A controversial scheme allowing people in England to take out 95% mortgages will be launched next week - three months earlier than planned.
PM David Cameron made the announcement as the Conservatives gathered in Manchester for their annual conference.
He rejected fears the Help to Buy scheme will fuel a housing bubble.
He told the BBC's Andrew Marr show the market was "recovering from a very low base" and first time buyers needed help to get on the housing ladder.
"As prime minister I am not going to stand by while people's aspirations to get on the housing ladder are being trashed."
He added: "If we don't do this it will only be people with rich parents to help them who can get on the housing ladder - that is not fair, it is not right."
'Trust'He rejected concerns - raised by Business Secretary Vince Cable among others - of an unsustainable boom in house prices, particularly in the south-east of England.
The prime minister urged people to "trust" the Bank of England, which has been given an enhanced role in monitoring the effect of the scheme on prices.
And he said mortgage-lenders, including the Halifax, RBS and Nat West, had already signed up to the scheme.
The first phase of Help to Buy, which applied to the purchase of new homes only, was launched earlier this year.
Under the second phase, which was due to launch in January, the government will guarantee 15% of a mortgage on any property worth up to £600,000, allowing lenders to provide up to 95% mortgages at reduced risk.
If financial institutions are asking for a 20% deposit, the government will guarantee 15% of the mortgage, allowing for deposits as low as 5%.
Applications for loans for the scheme will now be brought forward to 7 October but the loans wont be paid out until 1 January, so anyone hoping to complete on their home purchase using the second phase of Help to Buy scheme before 2014 will not be able to.
House prices rose at their fastest rate in more than six years in September, according to property analysts Hometrack.
The report follows similar findings from Nationwide building society last week, which reported evidence that the market pick-up "is becoming increasingly broad-based".
Adam Marshall, of the British Chambers of Commerce, said: "With all the concern expressed about Help to Buy - rushing into it seems less than responsible on part of government."
Affordable homesResponding to the announcement, Labour's Ed Balls said: "Rising demand for housing must be matched with rising supply, but under this government house building is at its lowest level since the 1920s.
"Unless David Cameron acts now to build more affordable homes, as Labour has urged, then soaring prices risk making it even harder for first time buyers to get on the housing ladder.
"You can't deal with the cost of living crisis without building more homes, so it's no wonder that for millions of families this is no recovery at all."
Elsewhere, new guidelines to be announced at the conference in Manchester will scrap the giving of police cautions for rape, manslaughter, robbery, child sexual abuse and other serious offences.
The Tories said the move would stop offenders who commit such crimes ending up "with just a slap on the wrist"
In other developments:
- Defence Secretary Philip Hammond, who will address the conference on Sunday, appealed for IT experts to join up as military reservists to help protect the UK's computer networks from cyber attack
- Conservative leader in Scotland, Ruth Davidson, will use a fringe meeting to call for greater choice in the Scottish education system to end the "monopoly of mediocrity too many face"
- Tens of thousands of people are expected to attend a trade union protests march and rally in Manchester against government austerity policies, particularly those affecting the NHS
- A poll of more than 1,400 Conservative councillors in England and Wales for BBC One's Sunday Politics suggested nearly a quarter would support an electoral pact with the UK Independence Party (UKIP) at the next general election
A Tory source said: "80% of our councillors didn't respond to this survey so it's hardly representative. It should be taken with a large pinch of salt."
In an interview with the Sunday Telegraph, Mr Cameron insisted he was "not chasing off to the right".
"I'm very firmly anchored where I have always been," he said. "Yes, I want to win back voters from UKIP."
Swing votersMeanwhile, proposals for tax breaks for some married couples and civil partners have come under attack from both Labour and the Liberal Democrats.
Mr Cameron said introducing tax breaks would mean four million married couples and civil partnerships - those paying lower tax rates - could be up to £200 a year better off from April 2015.
Defence Secretary Philip Hammond also announced plans to offer interest-free home loans to armed forces personnel.
Other policy announcements are set to include a crackdown on welfare payments and an expansion of free schools.
On the eve of the conference, BBC political correspondent Iain Watson said the Tories would be trying to convince swing voters that they should be the party of choice for hard-working families.
The conference will open on Sunday with a tribute to former Prime Minster Baroness Thatcher, who died aged 87 in April, and close with Mr Cameron's keynote speech on Wednesday.
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