The final countdown is on for Help to Buy as applications close next month
(Picture: Alamy Stock Photo)This Halloween is shaping up to be short on the treats for London’s first-time buyers — the Help to Buy scheme, which has given buyers a leg-up onto the housing ladder since 2013, is ending and the deadline to reserve a home is October 31.
To date some 350,000 households have used the scheme to buy a new home with only a five per cent deposit. A government equity loan of up to 40 per cent of the total value of the property, and a conventional mortgage cover the remainder.
