Bellway says Your First Home could lift output 10% to 10,000 homes

Bellway chief Jason Honeyman said the government's Your First Home scheme could lift annual completions 10% to 10,000 homes in the year from next September at the earliest, based on Help to Buy experience. The England-only scheme offers first-time buyers of new-builds a 20% equity loan with 2.5% deposit. Details due in 28 October budget.