Media vultures are homing in on private lives – but at what cost?

Coverage of the most recent developments in the Joanna Yeates case prompts the question: will the me

A new feeding frenzy in the Joanna Yeates murder case has brought more unsettling speculation – and more attention to an otherwise ordinary street in Bristol.

I tend to watch Sky News with the volume muted – it's often the best way to enjoy it. Devoid of commentary, yesterday's pictures from the HD Skycopter, lazily circling the block of flats where Jo Yeates lived, took on an eerie, almost stalker-like quality. The helicopter whirled around and around, almost in the expectation that something was going to happen – but nothing did.

It was just the same few shots, again and again. Some houses, one covered in scaffolding, but not a human form in sight. All so banal, so lacking in any activity, it could have been any street, anywhere. A recently erected tarpaulin – to allow investigators to get on with their job in peace, or possibly to avoid the kind of scrutiny that saw ITN banned from a press conference a couple of weeks back – was the only clue that anything might be in any way unusual.

The Skyvulture didn't wheel around to show us the part of the picture which would have been extraordinary rather than mundane: the persistent cluster of reporters we knew to be standing in Canynge Road, describing what they thought (but couldn't really see) was going on behind them. Yet I suppose it is the ordinariness of the setting for this murder mystery that has captured the interest of the public from day one – along with the photogenic, middle-class victim, the chatter on Twitter and Facebook, and, sadly, the way in which one suspect's life was turned upside down.

Chris Jefferies – who was labelled as "weird", "lewd", "strange", "creepy", "angry", "odd", "disturbing", "eccentric", "a loner" and "unusual" over the course of just one article – faced trial in the papers, on charges of being somewhat unorthodox and having blue hair, of having read poetry, of having been a teacher. But he was released without charge.

The mystery trundled on, and camera crews still popped up in Canynge Road to detail each fresch development, each little twist and turn, each cough and spit of the investigation. And now, after a new arrest, they are back, filming the flat where no one lives, a place where someone used to live, and a possible crime scene. Pictures of nothing, images of no one, footage of a static building. There's something verging on the surreal about it, but we all know why they are there. If the Skycopter had X-ray eyes, we'd be looking through the walls.

Any faint hopes that the papers may have learned their lesson about "innocent-until-proven-guilty" (or even the slightly more obvious "innocent-especially-when-not-yet-charged-with-anything") have disappeared this morning. Police advice to be mindful of the Contempt of Court Act doesn't seem to have worked. It's more of the same, just with a different face for us to inspect, a different person – a foreigner! – held up for us to make knee-jerk judgements about and decide whether he's guilty or not, in the absence of evidence.

The tabloids will not heed the police advice to be cautious; they will publish what they like, when they like. Are they bravely acting in the public interest or shamelessly acting as a pack, regardless of whether it might prejudice a trial or wreck an innocent person's life in the meantime? Whatever the ethics, interest in the case is still strong and many papers have been sold on the back of it. The cameras are still there, in Canynge Road, waiting outside that familiar building, waiting for it to reveal its secrets.

The time when a family can get justice, or move on and grieve in private (and when those who may have been wrongly accused might get justice, too) still seems a long way away. But when this does die down and the Skycopter moves on to a new place, Canynge Road will return to being just another street somewhere. And we will all forget it: the pictures that seemed so important, the place that has dominated our news, the broken lives left behind.

Patrolling the murkier waters of the mainstream media
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I was wrong about Help to Buy - but I'm still glad it's gone

As a mortgage journalist in 2013, I was deeply sceptical of the guarantee scheme. 

If you just read the headlines about Help to Buy, you could be under the impression that Theresa May has just axed an important scheme for first-time buyers. If you're on the left, you might conclude that she is on a mission to make life worse for ordinary working people. If you just enjoy blue-on-blue action, it's a swipe at the Chancellor she sacked, George Osborne.

Except it's none of those things. Help to Buy mortgage guarantee scheme is a policy that actually worked pretty well - despite the concerns of financial journalists including me - and has served its purpose.

When Osborne first announced Help to Buy in 2013, it was controversial. Mortgage journalists, such as I was at the time, were still mopping up news from the financial crisis. We were still writing up reports about the toxic loan books that had brought the banks crashing down. The idea of the Government promising to bail out mortgage borrowers seemed the height of recklessness.

But the Government always intended Help to Buy mortgage guarantee to act as a stimulus, not a long-term solution. From the beginning, it had an end date - 31 December 2016. The idea was to encourage big banks to start lending again.

So far, the record of Help to Buy has been pretty good. A first-time buyer in 2013 with a 5 per cent deposit had 56 mortgage products to choose from - not much when you consider some of those products would have been ridiculously expensive or would come with many strings attached. By 2016, according to Moneyfacts, first-time buyers had 271 products to choose from, nearly a five-fold increase

Over the same period, financial regulators have introduced much tougher mortgage affordability rules. First-time buyers can be expected to be interrogated about their income, their little luxuries and how they would cope if interest rates rose (contrary to our expectations in 2013, the Bank of England base rate has actually fallen). 

A criticism that still rings true, however, is that the mortgage guarantee scheme only helps boost demand for properties, while doing nothing about the lack of housing supply. Unlike its sister scheme, the Help to Buy equity loan scheme, there is no incentive for property companies to build more homes. According to FullFact, there were just 112,000 homes being built in England and Wales in 2010. By 2015, that had increased, but only to a mere 149,000.

This lack of supply helps to prop up house prices - one of the factors making it so difficult to get on the housing ladder in the first place. In July, the average house price in England was £233,000. This means a first-time buyer with a 5 per cent deposit of £11,650 would still need to be earning nearly £50,000 to meet most mortgage affordability criteria. In other words, the Help to Buy mortgage guarantee is targeted squarely at the middle class.

The Government plans to maintain the Help to Buy equity loan scheme, which is restricted to new builds, and the Help to Buy ISA, which rewards savers at a time of low interest rates. As for Help to Buy mortgage guarantee, the scheme may be dead, but so long as high street banks are offering 95 per cent mortgages, its effects are still with us.