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First home fund 2021-2022
Chalmers21
Posts: 2 Newbie
Hi, just heard the disappointing news that FHF budget has been cut and will not reopen until 1st April. Surely this doesn't make sense from an admin point of view as there will be such a bottleneck of applications?? Why are buyers prohibited from submitting applications from febuary for transactions to settle from april?? 
I have already reserved a new build and have my mortgage offer in place (also paid 50% for upgrades already!). All I am waiting on is the FHF which is holding me back from concluding missives, was expecting it to reopen jan/feb so this has thrown me and is now making me doubt if the purchase will go ahead
Getting quite anxious as unsure if builders would be willing to wait till april to conclude missives!! Anybody in a similar situation please let me know!
I have already reserved a new build and have my mortgage offer in place (also paid 50% for upgrades already!). All I am waiting on is the FHF which is holding me back from concluding missives, was expecting it to reopen jan/feb so this has thrown me and is now making me doubt if the purchase will go ahead
Getting quite anxious as unsure if builders would be willing to wait till april to conclude missives!! Anybody in a similar situation please let me know! 0
Comments
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I think it was clear from when it closed at the end of October that it was intended to restart from April. What made you think otherwise?0
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Well I had spoken to my IFA and solicitors about this and we were under the impression it would at least be open for application submissions earlier than April as it makes no sense for it to reopen for completion in the same month?? I don't see how this benefits anyone involved in the process...jemima82 said:I think it was clear from when it closed at the end of October that it was intended to restart from April. What made you think otherwise?0
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