UK housebuilders rally on revival of homebuyer loan scheme
British housebuilders rose after the government said it would confirm a new equity loan programme for first-time buyers in next month's budget.
On Sept 28, shares in British housebuilders climbed after the government said it would confirm a new equity loan programme for first-time buyers in next month's budget, reviving a policy intended to support home ownership and construction. Persimmon, Barratt Redrow, Taylor Wimpey, Vistry and Berkeley Group rose between 6% and 23%, with the stocks leading gains across London's indices. The measure is a revival of the "Help to Buy" scheme and is aimed at boosting demand for house building and assisting first-time buyers.