More U.K. Top Earners Turn to Government Loans for Homes: Chart

(Bloomberg) -- More than 560 households earning 100,000 pounds ($132,500) or more used the Help to Buy loan program in the second quarter to help finance their home purchases as the government encourages people to acquire property. Home builders soared in London trading on Monday after Prime Minister Theresa May's office said it would set aside 10 billion pounds to extend the program that lends buyers up to 40 percent of the cost of a new property.

To contact the reporter on this story: Neil Callanan in London at ncallanan@bloomberg.net.

To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Paul Armstrong, Keith Campbell