The two-part Help to Buy scheme was announced 12 months ago in Chancellor George Osborne’s Budget and has been credited with a rise in consumer confidence by brokers and lenders, the survey found.

Exactly half of mortgage brokers and a similar amount of lender respondents (46%) expect the scheme will be axed before the end of its three year term. A greater proportion of those surveyed expected the scheme would be withdrawn early for remortgages, although most lenders are not offering this option at present anyway.

The research found more than two-thirds (69%) of lenders feel the scheme is artificially inflating house prices with 57% of mortgage advisers sharing this fear.

Brokers also have concerns over the pricing of the mortgage scheme with 51% fearing the pricing of the government-backed mortgages will cause the scheme’s downfall.

While the industry has doubts over the mortgage guarantee scheme reaching the end of its intended life lenders and brokers are more positive about the equity loan being extended beyond March 2016. A quarter of lenders (23%) and 18% of mortgage brokers expect the government to extend this scheme.