Help to Buy Scheme: Coronavirus

Ministry of Housing, Communities and Local Government written question – answered at on 28 May 2020.

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Photo of Lord Lansley Lord Lansley Conservative

To ask Her Majesty's Government what plans they have to extend the cut-off date for the completion of Help to Buy properties by six months in view of the delay to construction activity.

Photo of Lord Greenhalgh Lord Greenhalgh Minister of State (Housing, Communities and Local Government), The Minister of State, Home Department

The Government recognises the disruption Covid-19 has caused to housebuilding, which is why we have taken decisive steps to re-open the housing market and ensure housebuilding can now safely recommence, with immediate effect. The Government published a “Plan to Rebuild” on Monday 11 May, setting out the UK Government’s Covid-19 recovery strategy. This makes clear that construction work can be undertaken across England providing sites are able to operate safely in line with Covid-19 guidelines. A number of developers have already announced plans to restart work on sites.

To support customers, Help to Buy Equity Loan Agents are already offering more time for purchasers to complete their transactions. Homes England released this guidance on 1 May.

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