Builder says help for first buyers could mean more new homes

Bellway boss Jason Honeyman says the government's Your First Home plan could lift new homes built each year 10% to 10,000, in the year from next September at the earliest, based on past Help to Buy. The England-only plan lends first-time buyers of new homes 20% of the price, with 2.5% upfront. Details due in 28 October budget.