Revised Help to Buy extended until 2023 but will end after that date

By Will Ing2018-10-29T17:42:00

Source: PA Images

Government sets further £8.7bn aside for initiative – though scheme will only apply to first-time buyers

The government has extended a revised version of Help to Buy until March 2023.

But the scheme will be scrapped after this date, bringing to an end the measure which was introduced five years ago by then chancellor George Osborne.

From April 2021 a revised Help to Buy scheme will only offer equity loans to first-time buyers and for houses with a market value up to new regional property price caps.

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