The UK government's Help to Buy scheme for second-time home buyers is set to be extended for a first 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.
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.