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This will be welcome news to many purchasers, as well as new homes developers and should provide a further aid in maintaining the current activity in the property marketplace.
Chris Hamilton, our Managing Director comments: “The impact of the changes to the Help to Buy scheme will be felt by a large proportion of buyers, particularly in the south east where property prices are higher than other parts of the country. We support the government’s decision today to extend the Help to Buy scheme, which will make a huge difference to so many buyers.
“Whilst we were fortunate to be in a position to have a good number of new homes across our sites that met the original deadlines outlined by the government, the extension until 28th February 2021 has provided a much needed relief to both customers and the construction industry.
“We are continuing to see strong levels of enquiries across all of our developments, demonstrating that there is still a high demand for quality new build homes in the south east. The Help to Buy extension, combined with recent changes to Stamp Duty, mean that buyers can now move ahead with their purchases with renewed confidence”.