Whilst most people using the scheme will be aware that the scheme ends in 2023, many are unaware that there are additional deadlines that must be met for transactions to remain eligible for the scheme.

Figures published last month reveal that over 52,000 new build homes were purchased last year using the Help to Buy Equity Loan Scheme – an average of around 1,000 per week.

Kevin, who has lived in Plymouth for over 20 years, added: “We’ve had a wonderful experience and Linden Homes took us through the whole part exchange process step-by-step. The recommended solicitors, Bright Solicitors, were also fantastic, especially working to such a tight timescale so close to Christmas.

“I just can’t believe that we bought a new home and sold ours – all within two weeks!”