Help to Buy ISA
You can no longer open a Help to Buy ISA.
If you already have a Help to Buy ISA
You can pay in up to £200 each month.
The government will top up your savings by 25% (up to £3,000) when you buy your first home.
If you are buying with someone who also has a Help to Buy ISA, both of you will get the 25% bonus.
You can pay into the ISA until November 2029. You can claim the 25% bonus until November 2030.
When you buy your property
The home you buy must:
- have a purchase price of up to £250,000 (or up to £450,000 in London)
- be the only home you own
- be where you intend to live
Your solicitor or conveyancer will apply for the extra 25%.
You do not have to pay it back.
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You can use the scheme with an equity loan.