Help to buy Scheme for first time buyers to be extended

08 October 2019
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The good news for First Time buyers is that the help to buy scheme will be extended in its current form for a further 2 years, until December 2021.

We still have concerns about the impact of this scheme on new house price valuations, but as more houses are built under the scheme, the hope is that the extra supply will counteract the inflationary effect of the incentive.

The continuation of the incentive will keep downward pressure on second hand houses and those who fund their own deposit could well be rewarded by much better value second hand homes, often in locations with better services.