Rejected petition Help for first time buyers to purchase previously owned homes

The government scrapped Help to Buy on previously used or old homes a few years ago and will now only offer help on new-build properties.

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There is not enough new-build properties for everyone and not everyone would afford the repayments on a newly built property. The Government should introduce a new scheme that would allow first time buyers to purchase an older and cost effective property with just a 5% deposit.

Why was this petition rejected?

This petition was withdrawn by the petitioner.

The petitioner decided to withdraw the petition following the announcement of a UK-wide mortgage guarantee scheme as part of the UK Government’s 2021 budget. More information on that scheme can be found here: https://www.gov.uk/government/publications/the-mortgage-guarantee-scheme

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