Buyers face losing thousands of pounds after paying fees for homes that will not be ready in time
Ministers face calls to extend the deadline for purchasing a house in England using the help-to-buy loan scheme, as buyers face losing thousands of pounds because of Covid-related delays in construction.
The government’s help-to-buy equity loan scheme, launched in 2013, allows people to buy a new-build home with a 5% deposit. The scheme was extended in July due to the pandemic, but ministers have refused to postpone the deadline any further.
