Budget 2014: The Key Points for Housing

·         New homes planned - New homes will be built in Barking and Brent Cross, while 15,000 will go up in a new garden city at Ebbsfleet. The government will be publishing a further prospectus on garden cities later in the year.

·         Reforms to planning - The Chancellor will extend the Help to Buy equity loan scheme for the rest of the decade, to get "120,000 new homes built".

·         New funds for home building - The government will provide £150m to help self-builders in a "right to build" scheme, and give £500m to small house building firms.

·         Stamp duty extended - The government is attempting to cut down on stamp duty tax avoided through company-owned homes by expanding its 15% rate from residential properties worth over £2m to those worth more than £500,000.

Access the full Budget statement together with supporting documents at the Gov UK website.