Thumbs up for Help to Buy housing scheme

THE Chancellor delivered a much needed shot in the arm for Britain's homebuyers and housebuilders with his new Help to Buy scheme.

The Help to Buy scheme improves on a previous scheme known as FirstBuy. It enables buyers to purchase their home without saving up a big deposit, but just putting down a 5% deposit on a home.

Coverage of the Budget is brought to readers of TheBusinessDesk.com in partnership with Ernst & Young.

Shares in Redrow, the North West housebuilder, rose more than 4% on the news.

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