By Poppy Trowbridge, Business and Economics Correspondent
The second phase of the government mortgage guarantee scheme, Help to Buy, is due to launch next week, three months earlier than expected - but experts are sceptical the initiative will help buyers.
Lack of capacity in the housing market and claims by banks which say they are not ready because they haven't received essential information from the Government - threaten to leave many would-be buyers empty handed.
Exclusive research by Sky News shows interest from potential buyers has sky rocketed since the Government surprised the market.
Property website Rightmove says clicks on its Help to Buy pages numbered 14,807 on Saturday, the day before last Sunday's surprise announcement.
When David Cameron revealed, on the eve of the Conservative party conference, that the launch date had been brought forward from January - clicks, measuring potential buyer interest, spiked to 59,571.
Now, almost a week later, they remain far above average at 23,660.
But there is concern that pent-up demand, cannot be met by existing market services.
Sky News has learned that the two taxpayer backed banks, Lloyds Banking Group and RBS, are not able to guarantee a launch date. Sky News understands both are waiting for further details from the Government.
Barclays has issued a statement saying it too is undecided.
"Whilst we cannot take a decision over participation in the new scheme before the terms are set, we are encouraged by the tone of the discussions so far," the bank said.
Estate agents are also worried that capacity to deal with a surge in interest is lacking.
Robert Ellice, of Clarke Hillyer, told Sky News: "At the moment we've got big delays in the whole process anyway, mortgages are still taking a long time to be offered, and taking a long time to be verified on values."
Does that mean hopeful homebuyers will have to wait for Westminster to work out the finer details before others can catch up?
Mortgage manager Ray Boulger said: "The first details of mortgage rates under this scheme we are expecting on Tuesday from Halifax, but they are likely to be the only lender offering these mortgages for probably some weeks.
"From a buyer's perspective the good news is there will be 95% mortgages available from the biggest lender in the country, the bad news is there will be no competition."
He added: "But it is a start, you have got to start somewhere."
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