Homes England has extended the time that housebuilders have to get homes built under the existing Help to Buy programme amid fears that hundreds of would-be buyers might miss out due on the loans due to construction delays.

The government’s housing quango informed housebuilders on Friday that it has decided it will not enforce a longstop date within its Help to Buy contracts that requires them to have reached practical completion on all homes purchased under the 20% equity loan scheme by December 31.

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