Budget 2013 – the main points for housing.



  • Osborne
  • A £3.5bn shared-equity scheme, effectively making available a 20% loan on new-build properties with a value up to £600,000, for all buyers, not just first-time buyers, and without an income threshold for eligibility (unlike previous schemes).
  • Bank of England-guaranteed £130bn of new mortgage lending, for three years from 2014, in the form of an extension to the NewBuy scheme, making 95% loans available, again on new properties.
  • also mentioned – details in the document – plans to build 15,000 affordable homes, a “building for rent” scheme and an extension of the right-to-buy scheme.
  • Consultation on changes to allow commercial property suitable for conversion to be included in a SiPP.