Time is running out for help to buy
12.08.22Help to buy is ending… for real this time
The clock is ticking for one of the most successful first-time buyer schemes in the market and there are now less than 100 days for first-time buyers to find their new homes.
By the end of October, new help to buy equity loan applications will close.
Buyers will also have to move into their property by the end of March 2023, so there cannot be any delays by developers.
Here is an overview of the timeline:
We are yet to hear of a successor for the Help to Buy equity scheme, so if you are planning to take advantage of the scheme before its demise or have any questions, then get in touch with our experts Matt Thorn or Scott Lambert.
You can find out more about the help to buy equity loan application closure on the government website., visit our help to buy service page or read our help to buy mortgage guide.
Written by Andrew Montlake
Andrew Montlake, better known as Monty, began his journey with an Hons degree in Economics & Politics before starting in the mortgage industry in February 1994. As a main founder of Coreco in 2009, he successfully grew the brand, marketing, and communications, and was made MD in 2019 focussing on the overall vision, strategy, and culture of the company. As Coreco’s media spokesperson, Andrew can often be seen or heard on TV and radio as well as regularly commenting in the national, local, and trade press. He is the author of this acclaimed Mortgage Blog and is well-known for his social media, podcasts, and public speaking. Andrew is now proud to serve as Chairman of the Association of Mortgage Intermediaries, (AMI) as a cheerleader for the Mortgage Industry as a whole and continues to work at the coal face, writing mortgage business and advising clients.
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