We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buying a New Build using HTB? Watch Your Dates
Options

Safe'n'Sound
Posts: 69 Forumite

I have very recently been informed by the developer that my reserved new build home is no more. Well, not for me anyway. It all centers around the new delays in getting the house built and to the legal completion stage. The foundations are in, drains are covered and ground concrete has been set. The next stage is bricks/walls and upwards. We were forecast to move in Sep 2020 but that is now Jun-Aug 2021 due to it taking (the very large developer) 4 times more because of social distancing. This means we would have to use the new Apr 2021 HTB scheme which has an area price cap. Our reservation price is above that cap, too much to sort ourselves. There is talk of a cutoff date Dec 2020, as in if your house is not built by then, move onto the Apr 2021 HTB rules. I have asked HTB and awaiting confirmation before I throw the towel in.
I know some may say this is a blessing in disguise, but I mostly disagree. We were really set on this home as FTB's.
I know some may say this is a blessing in disguise, but I mostly disagree. We were really set on this home as FTB's.
0
Comments
-
The bigger thing for me would be waiting nearly a full year before moving to your new home surely?0
-
There are rumours of govt plans to try and boost the market, you may well find HTB ends up getting extended. Having said that it’s an awfully long time to wait!0
-
I started this thread to warn others that are similar to my position. The replies seem to be about me waiting for the build to complete. When you find the right one, you're prepared to wait another 9months0
-
Safe'n'Sound said:I started this thread to warn others that are similar to my position. The replies seem to be about me waiting for the build to complete. When you find the right one, you're prepared to wait another 9months0
-
Latest seems to be the developers getting together to lobby the Government about a possible extension of the current (pre Apr 2021) rules. Watch this space0
-
Safe'n'Sound said:Latest seems to be the developers getting together to lobby the Government about a possible extension of the current (pre Apr 2021) rules. Watch this space0
-
Safe'n'Sound said:I have very recently been informed by the developer that my reserved new build home is no more. Well, not for me anyway. It all centers around the new delays in getting the house built and to the legal completion stage. The foundations are in, drains are covered and ground concrete has been set. The next stage is bricks/walls and upwards. We were forecast to move in Sep 2020 but that is now Jun-Aug 2021 due to it taking (the very large developer) 4 times more because of social distancing. This means we would have to use the new Apr 2021 HTB scheme which has an area price cap. Our reservation price is above that cap, too much to sort ourselves. There is talk of a cutoff date Dec 2020, as in if your house is not built by then, move onto the Apr 2021 HTB rules. I have asked HTB and awaiting confirmation before I throw the towel in.
I know some may say this is a blessing in disguise, but I mostly disagree. We were really set on this home as FTB's.0 -
ladybird93 said:Safe'n'Sound said:I have very recently been informed by the developer that my reserved new build home is no more. Well, not for me anyway. It all centers around the new delays in getting the house built and to the legal completion stage. The foundations are in, drains are covered and ground concrete has been set. The next stage is bricks/walls and upwards. We were forecast to move in Sep 2020 but that is now Jun-Aug 2021 due to it taking (the very large developer) 4 times more because of social distancing. This means we would have to use the new Apr 2021 HTB scheme which has an area price cap. Our reservation price is above that cap, too much to sort ourselves. There is talk of a cutoff date Dec 2020, as in if your house is not built by then, move onto the Apr 2021 HTB rules. I have asked HTB and awaiting confirmation before I throw the towel in.
I know some may say this is a blessing in disguise, but I mostly disagree. We were really set on this home as FTB's.0 -
robrymond said:That is the thinking, but at the moment I only see a bunch of news stories from end of April saying 'they may look to extend' and not a whole lot of discussion on the point since. Incredibly frustrating when our dream plot is about to disappear if they don't do something.0
-
Safe'n'Sound said:robrymond said:That is the thinking, but at the moment I only see a bunch of news stories from end of April saying 'they may look to extend' and not a whole lot of discussion on the point since. Incredibly frustrating when our dream plot is about to disappear if they don't do something.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards