Poole Office: 01202 678555

Wimborne Office: 01202 849169

  • slider-1.jpg
  • slider-2.jpg
  • slider-3.jpg
  • slider-4.jpg

Request a Call Back

Please enter your name and phone number

Latest News

Tax Diary December 2020/January 2021
25/11/2020 - More...
1 December 2020 - Due date for...

Reasonable excuses for making a late furlough claim
25/11/2020 - More...
HMRC’s guidance on making claims through...

Beware tax deadline scammers
25/11/2020 - More...
Fraudsters are continuing to target...

Search News

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

»Sign up for the Newsletter
» Login

 


Temporary extension to the Help to Buy scheme
28/10/2020

The Help to Buy equity loans scheme is open to both first-time buyers and home movers on new-build homes in England with a purchase price up to £600,000. The Help to Buy equity loans provide a low-interest loan towards the deposit. The loan is interest free for the first 5 years. New home buyers need a 5% deposit, and the government lends up to 20% of the value of the home (up to 40% for London).

The deadline for the homes to have been finished in order to comply with the equity loan scheme has been extended from 31 December 2020 to 28 February 2021 to ensure home buyers do not miss out if there has been a delay in construction due to the pandemic. The deadline for the legal completion of the sale will remain the same – 31 March 2021. The completion of sale deadline may be extended further to 31 May 2021 if a reservation was in place by 30 June 2020. These changes apply to the equity loans scheme in England and not to similar schemes in Northern Ireland, Scotland or Wales.

The government’s new Help to Buy scheme, which will replace the current scheme, will come into place from 1 April 2021 and run for two years until March 2023. There are no plans for further extensions. The new scheme introduces regional property price caps and will only be available to first time buyers.


Contact Us

Poole Office

Tower House, Parkstone Road
Poole, Dorset
BH15 2JH
Tel: 01202 678555

This email address is being protected from spambots. You need JavaScript enabled to view it.

Company Registration No: O7430971
VAT Registration No.107585703

Wimborne Office

Beaufort House, 2 Cornmarket Court
Wimborne
BH21 1JL
Tel: 01202 849169

Membership

ICAEW-White

Save