Find out what these changes mean for you
The Help to Buy Equity Loan, which is currently available to first time buyers and home owners will end in March 2021.
A new Help to Buy scheme for first time buyers only in England will replace it on 1 April 2021. As with the current Help to Buy scheme, you could borrow up to 20% of the cost of a new build home (or 40% in London). The amount you can purchase a home for using the scheme will depend on where in England you are buying.
Home owners who wish to purchase using the current Help to Buy scheme could still be eligible if they complete the purchase process buy March 2021.
Here's how the schemes compare
These changes only apply to purchases in England, with further information to follow on any changes to Help to Buy Scotland or Help to Buy Wales in 2021.
Find out more about the current Help to Buy scheme here.