Extend help to buy scheme for existing home owners in light of covid 19

Extend help to buy scheme for existing home owners in light of covid 19

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Imogen Jones started this petition to Government

The existing Help to Buy: Equity Loan scheme ends on 31 March 2021. The new Help to Buy for first time buyers only starts on 1 April 2021. With the existing scheme you can use help to buy if you have previously owned a property. However, due to many building sites having ceased building for varying periods of time and the housing market coming to an almost stand still, many homes will now not be ready in time for the March 31st cut off for those who have previously owned homes and wishing to use the existing help to buy scheme. England should follow in the footsteps of Scotland and extend this scheme for a minimum of 3 months to allow building sites to catch up and allow people to complete on their desired plots. The implications of this could see families struggle financially and psychologically in an already difficult time.  People who have paid deposits and sold previous homes are being left in very difficult situations now that their new home will not be ready in time.   

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