Government “remains committed” to Help to Buy

Government “remains committed” to Help to Buy

The Government has stated that it “remains committed” to the Help to Buy Equity Loan scheme until 2021.

The statement comes just a few days after several reports suggested that the Government was considering the closure of the scheme prior to its scheduled end.

This news caused shares in building companies to take a significant hit, with price falls of around 5% for Barratt and Taylor Wimpey.

Having helped an estimated 14% of new build construction, the scheme has been seen as beneficial for both buyers and developers, with its reported scrapping being subject to heavy criticism.

The statement reads: “We remain committed to the Help to Buy Equity Loan Scheme to 2021, ensuring it continues to support homebuyers and stimulate housing supply.

“The Government also recognise the need to create certainty for prospective home owners and developers beyond 2021, so will work with the sector to consider the future of the scheme.”

Georgia Owen

Georgia is the Content Executive and will be your primary contact when submitting your latest news. While studying for an LLB at the University of Liverpool, Georgia gained experience working within retail, as well as social media management. She later went on to work for a local newspaper, before starting at Today’s Conveyancer.

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