Chancellor George Osborne (C) speaks to construction workers at the Berkeley Homes Royal Arsenal Riverside development in Woolwich on March 21, 2013 in south east London, England. The Chancellor of the Exchequer visited homebuyers and construction workers at the housing development site the day after he announced in his Budget speech the government's measures for assisting first-time buyers and existing home-owners in moving up the property ladder, with a GBP £3.5 billion investment in government loans to financially stretched home-buyers and GBP £12 billion towards a scheme to increase availability of mortgages to first-time buyers unable to afford a large deposit. Homebuyers will be able to borrow up to 20% per cent of the value of most new-build properties interest-free for five years.