How Osborne's Budget aims to boost home ownership

The big surprise in today's speech was the scale of the Government's attempt to boost home-ownership and growth in the housing market.

From next year, it will guarantee the mortgages of prospective home buyers who are struggling to find a loan and offer help on deposits for first time buyers.

Business Editor Laura Kuenssberg reports:

Q&A: What the Budget means for home buyers

Budget 2013: Winners and losers


Budget homes plan loophole

The Treasury has still not explicitly said it will prevent homeowners from using Government-backed mortgage guarantees to buy second homes, after ITV News exposed the loophole. It is also feared the cost of the scheme could be passed onto borrowers.