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.
Answered on
28 May 2020
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.