£3.5bn Help-to-Buy budget boost for British housebuilders

British housebuilders received a Budget boost today after Chancellor George Osborne delivered a raft of measures to help Britons get on the housing ladder.

Under the proposed £3.5bn Help-to-Buy scheme, the British government will provide an interest-free loan worth 20% of the value of a new-build house to help those with a 5% deposit to buy their first home.