House builders boosted by new mortgage initiative

LONDON (Reuters) - Shares in house builders were boosted by Chancellor George Osborne's plans to help 100,000 struggling young families buy newly built homes and provide a 400 million pound fund to help construction firms kick-start projects. Osborne said Tuesday the government would take advantage of its borrowing costs being at a record low to provide a mortgage guarantee scheme to help first-time buyers who do not have the finances to put down deposits on homes. ...