Help to Buy scheme extended until 2020
THE HELP to Buy equity loan scheme will be extended by four years until 2020, the chancellor confirmed yesterday.
George Osborne said that the government initiative, which supports house buyers with small deposits, is expected to help at least 74,000 households buy a new-build home by March 2016.
Extending the scheme will help a further 120,000 households buy a home by March 2020 and continue to support house building as the market improves.
But some critics fear the scheme will create a housing bubble.