The UK government 's Help to buy scheme for first - time home buyers is set to be extended for a second time to 2023 , five years beyond the previous end date . In 2018 , ministers are considering the imposition of a restriction to the policy during the extra period , as well as a potential change of name . Help to Buy was introduced in 2013 , and has gone on to support 40 % to 50 % of house buyers ' annual home sales . However , critics have suggested the scheme is being monopolised by wealthier households using it to purchase bigger homes .
The UK government's Help to Buy scheme for first-time home buyers is set to be extended for a second time to 2023, two years beyond the previous end date. In addition, ministers are considering the imposition of a restriction to the policy during the extra period, as well as a potential change of name. Help to Buy was introduced in 2013, and has gone on to support 40% to 50% of house builders' annual home sales. However, critics have argued the scheme is being monopolised by wealthier households using it to purchase bigger homes.