The Help To Buy scheme is set to be extended once the Cornavirus lockdown ends.
The scheme currently helps buyers or new build homes by providing them with a 20% property value equity loan. This was due to be phased out between Spring 2021 and 2023.
The idea behind the extension is to boost market confidence once the COVID-19 isolation period has ended.
Help To Buy has been a great help for many first time buyers. It has enabled many to move into better quality homes than they originally would have been able to buy with their savings alone.
Advice for first time buyers
Those looking to purchase their own first home this year should continue to look for their dream property during the pandemic. Walton & Allen are still receiving buyer enquiries and sales are still being agreed. We would encourage everyone to act now to avoid disappointment.
Many of our sales and lettings properties are available to view via video tour. Please email us for more details whilst our offices are closed.