Government extends Help to Buy scheme
The Government has announced a small extension to the Help to Buy equity loan scheme to allow for delays caused by the coronavirus crisis. While the building deadline for new homes sold through the scheme will be extended by two months, from the end of December 2020 to the end of February 2021, the March 31 2021 deadline for sale completions remains. However, for buyers who have seen severe delays and reserved properties before June 30, the deadline to complete purchases has been pushed back to the end of May 2021. Developers had called urged ministers to extend the scheme by a year.