UK homebuilders rise on reports that Burnham may review 'Help to Buy' scheme

Berkeley groupHoldings

13/07/2026 09:51

** British homebuilders index .FTNMX402020 up 2.3% on reports that Andy Burnham is set to review plans to bring back the "Help to Buy" scheme
** Reports say Andy Burnham, UK's likely new prime minister, is set to review plans to revive the scheme, closed in 2023, designed to  help first time buyers afford properties 
** "There is lots of logic of introducing it and it would potentially be a material help and welcomed by the industry to ease affordability constraints" - Investec analyst Aynsley Lammin
** Homebuilder Persimmon PSN.L  up 3.3% and is among top gainers on the FTSE 100 .FTSE index;  Berkeley BKGH.L  up 1.5% and Barratt Redrow BTRW.L  up 2.1% 
** Vistry VTYV.L up 2.9%, Taylor Wimpey  TW.L and Bellway BWY.L  up 1.9% 
** Sub-index .FTNMX402020 down over 26% YTD

 (Reporting by Raechel Thankam Job in Bengaluru)
 ((RaechelThankam.Job@thomsonreuters.com))