Shares of UK homebuilders slumped on Friday after trade publication Property Week said the scheme could be wound up early, citing a review into the programme to be conducted by the London School of Economics.

"The department regularly reviews the Help to Buy Equity Loan Scheme, with the last review taking place in 2015," a spokesman from the Department for Communities and Local Government said. "To infer from this that the Help to Buy Equity Loan scheme will be cancelled is simply incorrect."

(Reporting by William James; Editing by William Schomberg)

Stocks treated in this article : Persimmon, Taylor Wimpey, Berkeley, Barratt Developments, Bellway