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Help to Buy: ISAs opened every 30 seconds across UK

A quarter of a million first time buyers, more than half of whom are aged 30 and under, have opened a Help to Buy: ISA since the government’s landmark scheme launched on 1 December 2015. This is equivalent to 1 person opening an account every 30 seconds, or over 3,000 a day.

The first homebuyers have also claimed their Help to Buy government bonus this week, which means the new Help to Buy: ISA is already helping first time buyers onto the housing ladder.

The Chancellor made these announcements while visiting a Persimmon housing development in Sandbach, Cheshire, which provides new-build homes that are available through the government’s Help to Buy scheme. Over 25,000 people have taken out a Help to Buy: ISA in the North West of England.

Find more information here.

Chancellor of the Exchequer, George Osborne said:

“It’s great to visit a Persimmon housing development in Cheshire to see first-hand how the government’s landmark Help to Buy schemes have helped over 13,000 people in the North West achieve their dream of home ownership.

“Last year I announced further help for first time buyers with the new Help to Buy: ISA and I’m delighted that a quarter of a million people have already taken advantage. It is all part of our plan to back working people who are doing the right thing and saving for their first home.”

The Author

Donald Macinnes
Media Researcher
BiP Solutions

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The Author

Donald Macinnes
Media Researcher
BiP Solutions

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