Budget 2014 – Help To Buy

Homebuyers “Help to Buy” Initiative

The Help to Buy: Equity Loan scheme has been extended until March 2020, in a move that the Government believe will help a further 120,000 households purchase a new home, and at the same time help support the house building market.

The Help to Buy: Mortgage Guarantee scheme will continue to support access to high loan to value mortgages until the scheme ends as planned on 31 December 2016.

 

Right to Build Scheme

The government will consult on creating a new “Right to Build” scheme, giving custom builders a right to a plot from councils, and a £150 million repayable fund to help provide up to 10,000 serviced plots for custom build.

We will provide further information on the possible Right to Build scheme when significant developments happen.

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Feb 20

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