Help to Buy deadline

Government announces extension to Help to Buy completion deadline

DLUHC states extension granted “to make sure people do not lose out because of delays”

The government have announced that the housebuilder completion deadline for Help to Buy has been extended by a month, under certain conditions, to 31st January 2023.

Based on previous guidelines, developers had until 31st December to complete projects. However, this has now been extended to “avoid customer detriment” the Department for Levelling Up, Housing and Communities (DLUHC) have stated.

Developers will need to notify authorities before 20th December that they believe they will not be able to complete construction in time in order to qualify for the extension.

A DLUHC spokesperson said:

“Supporting aspiring homeowners is a government priority. We have extended the Help to Buy deadline to make sure people do not lose out because of delays to completing their homes.

Housebuilders must ensure they finish building work on all properties by 31st January. The legal completion deadline remains 31st March.”

The Help to Buy scheme closed to new applicants on 31st October.

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