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Help to Buy scheme extended until 2021 after new builds suspended due to Covid-19

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www.mirror.co.uk

The Government's Help to Buy scheme has been extended until 2021 to help buyers whose purchases were put on hold due to the coronavirus pandemic.

The department for housing said new builds that have been delayed due to the virus will have an extra 60 days to complete, with the building deadline extended from December 2020 to February 28 2021.

In a statement, the Government said the March 31 2021 deadline for most sale completions remains the same. Where necessary, extensions may be granted for homebuyers who have experienced severe delays because of the pandemic and reserved properties before June 30.

These buyers will get an extension to complete their purchases by May 31 2021. Help to Buy equity loans can offer a lifeline to first time

Read more on mirror.co.uk
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