Budget 2013: Construction sector boost from Help to Buy move

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.

Up to 20% of the cost of the home is funded by a "shared equity" loan, which will be repayab... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...