DNG welcomes the extension of the Help To Buy Scheme announced in Budget 2020

Reacting to the measures announced in Budget 2020 Paul Murgatroyd, Director of Research with leading property group DNG, welcomed the extension of the Help To Buy Scheme for a period of two years until 31st December 2021. Commenting on the announcement, contained within the Minister&rsquo's Budget speech this afternoon, he said “ We welcome the announcement that the Help To Buy Scheme has been extended, and in particular, the very sensible decision to extend the scheme for a period of two years, given the importance of the initiative in the current market and its value to first time buyers currently looking for a home.” He continued, “ the decision does provide some much-needed certainty to developers and more importantly their funders, and provides the platform for a further increase in new housing output through 2020 and beyond, as it means that first time buyers will continue to receive real finance assistance when purchasing their new home in
the medium term.”