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Help to Buy scheme extended due to coronavirus outbreak

The Help to Buy scheme has been extended to compensate for the delays in building work due to the coronavirus outbreak. Under the current scheme, work on new homes would have to be finished by the end of December – the extension will mean the deadline will now move to 28 February 2021. The deadline for the legal completion of the sale will remain the same – 31 March 2021.

Gift or loan – father in dispute with son over house purchase

The High Court has settled a dispute between a father and son over whether money was ‘loaned or gifted’ to buy a home. The father had been a successful builder and property developer who owned numerous residential properties. He and his son had been directors of a building company which owned a commercial property; the son also owned several other properties transferred to him by the father at an undervalue.

Covid-19 outbreak – Advice for home Help to Buy customers

Homes England has issued advice for Help to Buy:   Equity Loan customers on how they can proceed with purchasing a home during the Covid-19 outbreak. It says that many people are worried because the situation seems so uncertain. In response, it has published a document containing the answers to some frequently asked questions. These are some of the main issues covered: