The Government is set to replace the existing Help to Buy Equity Loan scheme with a new scheme restricted to first-time buyers only with regional price limits.

The new Help to Buy Equity Loan is due to replace the existing scheme on 1 April 2021, which means that existing homeowners wanting to use the existing Help to Buy Equity Loan scheme to help towards buying a new-build home have less than five months to apply for the scheme.

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