Autumn Budget: Bargain housebuilders get another boost
Since my previous Help to Buy blog much has happened. We have continued to grow through the uncertainty of Brexit and Help to Buy extension speculation.
The Government has finally revealed in the 2018 Budget its clear plan for new build housing market for the next 5 years.
The Government has extended the Help to Buy equity loan scheme until 2023.
A 3-year continued spell of Help to Buy for all buyers until 2021. Followed by a further two-year extension exclusively for First Time Buyers, strategically price by region.
Furthermore this has created a ‘run off’ period for the successful scheme which enables builders and buyers to plan ahead through all the current uncertainty
I’m sure those buyers currently ready to purchase, and those saving in anticipation of their future homes will greet this clarity.
Good news for all those concerned.
https://www.helptobuy.gov.uk/
Help to Buy regional property price caps 2021 to 2023
| Region | Price cap for properties eligible for Help to Buy Equity Loan scheme from April 2021 to March 2023 | |
| North East | £186,100 | |
| North West | £224,400 | |
| Yorkshire and The Humber | £228,100 | |
| East Midlands | £261,900 | |
| West Midlands | £255,600 | |
| East of England | £407,400 | |
| London | £600,000 | |
| South East | £437,600 | |
| South West | £349,000 |
