Deadline to Apply for Help to Buy
The Government’s Help to Buy Scheme which was first introduced in 2013 is scheduled to end in March 2023. Those wishing to use the scheme must apply by 31st October 2022.
Designed to help first-time buyers in England get on the property ladder, the scheme allows them to borrow up to 20% of a new build property’s price via a government loan, interest-free for the first 5 years.
Since Help to Buy was first launched more than 355,000 new build properties have been bought with the help of an equity loan.
According to the Government there are no plans to extend or replace the existing scheme when it ends next March.
Help to Buy Equity Loan Deadlines
For first-time buyers wishing to use the equity loan, you need to be aware of the following dates:
- 31st October 2022 – You must have reserved your property and submitted your application to use the equity loan with your Help to Buy agent by this date.
- 31st December 2022 – Your property must be physically built and ready for you to live in by this date.
- 31st March 2023 – By this date you must have completed on your transaction and picked up the keys to your property.
Residential Property Solicitors
Morrish Solicitors is a long-established law firm in West Yorkshire providing a range of legal services to clients based both regionally and nationally. We have an experienced team of residential property solicitors who can assist you with your property purchase ensuring it completes as smoothly and as quickly as possible.
Our services are available at your convenience either in-person, over the phone or by email or post. So, it doesn’t matter where you live, we’ll always be here to support you.
For a free conveyancing quote please call us on 033 3344 9609 or simply email [email protected] with your request.
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