Budget for a new home

For Chancellor George Osborne, home is where the electorate's heart is – which is perhaps one reason why he put a raft of property-related initiatives in the 2014 Budget.

First is the Help to Buy scheme, which got more than 25,000 households onto the property ladder in its first year and is now being extended to 2020, enabling buyers to secure a newly built home, often with just a five per cent deposit.