Although Help to Buy will be in effect until 2023, there
will be new restrictions applied in 2021 that could exclude 38% of the
homebuyers who used it this year. The Help to Buy end date is in 2023 but
starting in 2021 it will be available only to first-time buyers and for homes
with a market value up to the price cap for new regional properties. These caps
are set at 1.5 times the regional average first-time buyer price currently
forecast, with a £600,000 maximum in London. After March 2023, the government
will not be introducing another loan scheme like Help to Buy. Read more on the
CRL website.
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