From April 2021, the Help to Buy scheme will be limited to only first-time buyers, with regional price caps in place for which properties will qualify for the scheme across different areas of England.

Accord said the free guide details the proposed timings and answers the most common questions from brokers on the transition between the two versions of the Help to Buy scheme.

Stacey Wood, national new build and surveying relationship manager at Sesame Bankhall Group, noted that her team provides comprehensive support on new build and Help to Buy, and regularly receives questions about the scheme from both advisers and property developers.

She continued: “The closedown of the current Help to Buy scheme, along with requests for more detail on the new scheme, have been hot topics. We’re therefore pleased to be working in partnership with Accord Mortgages to respond to this growing demand for more practical support in this important area.

“This useful timeline and answers to commonly asked questions will help provide clarity for firms on the latest position.”

Nicola Alvarez, corporate account manager ‒ proposition development at Accord Mortgages, said that it was clear there was a lot of confusion about the practicalities of the two schemes, which had been exacerbated by the delays caused by Covid-19.

“This is a crucial time for brokers and their clients, so we wanted to provide a simple guide through our Growth Series with answers to some key queries which will be a useful point of reference for them during this transitional period,” she concluded.