First-time buyers running out of time to use Help to Buy

Tens of thousands of first-time buyers are expected to be locked out of the housing market after the Help to Buy scheme closes in October, experts have warned, leaving a “void” of support for entry-level purchasers just as the cost-of-living crisis worsens. Help to Buy officially ends on March 31 2023 – however, this is the deadline for all sales to complete. The deadline for first-time buyers to register is five months earlier, at 6pm on October 31. This means first-time buyers have six weeks to house hunt, reserve a home that is supported by the scheme and submit a Property Information Form. After the deadline, first-time buyers will have few options to get on the housing ladder without financial support from their parents.

The Daily Telegraph (19/09/2022)