Housebuilder shares rise after first-time buyer scheme announcement
Summary
Andy Burnham announced a new initiative called 'Your First Home' aimed at helping first-time buyers purchase new-build homes from participating developers. The scheme is intended to build on previous initiatives and is expected to be funded by reprioritising existing government budgets. The announcement led to an increase in UK housebuilders' stock prices. The prime minister expressed support for the initiative, emphasizing assistance for first-time buyers without family financial support. The details of how the scheme will operate have been outlined in recent reports.
Latest: On 28 September, housebuilder shares increased following the announcement of the new first-time buyer scheme, with further details on how the initiative will function being provided.
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How it unfolded
Monday 28 September
On 28 September, housebuilder shares increased following the announcement of the new first-time buyer scheme, with further details on how the initiative will function being provided.
- 07:16The IndependentAndy Burnham announces new scheme for first-time buyers – here’s how it would work
- 07:15Evening StandardHousebuilder shares jump following first-time buyer scheme announcement
- 07:13The IndependentHousebuilder shares jump following first-time buyer scheme announcement
- 03:38The GuardianUK housebuilders’ stocks surge on new homes scheme for first-time buyers – business live
Saturday 26 September