The Government has announced a small extension to the Help to Buy equity loan scheme to allow for delays caused by coronavirus – but the change falls short of housebuilders’ hopes.
The building deadline for new homes sold through the scheme will be extended by two months, from the end of December 2020 to February 28 2021. But 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