Help to Buy Scheme
(asked on 16th March 2020) - View Source
Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, what policy decisions were set out in Budget 2020 in relation to Help to Buy.
This question was answered on 19th March 2020
In February, the Government confirmed details of the new Help to Buy Scheme from April 2021, which included a policy decision to define a first-time buyer as someone who has never previously owned a property. This definition is consistent with other government policies such as Stamp Duty Land Tax exemption. Budget 2020 set out the revised forecast expenditure arising from this decision.