Shares in housebuilders jump but bosses want help now

The FTSE 250, which contains most the main housebuilding firms, bounced a bit after the Budget measures were announced.

But one property firm told me that help is needed now - and by January the mortgage and housing markets could have completely changed.


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.