Homes England has extended the practical-completion
deadline for people looking to take part in the government’s Help to Buy equity
loan scheme, to take account of delays to the sector caused by the coronavirus
pandemic. Buyers hoping to secure a 20% government loan in lieu of a deposit were
required to complete their transactions with developers by February 28 ahead of
the Help to Buy scheme’s end on March 31. But Homes England has now written to
participating housebuilders extending the practical-completion deadline to the
end of March, which remains the legal completion deadline for the scheme –
due to be replaced with a new offer exclusively for first-time buyers from the
start of April. Read more on the Housing Today website.
https://www.housingtoday.co.uk/news/homes-england-extends-help-to-buy-deadline/5109931.article
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