Affordable home ownership schemes

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.

Example

Your savings Government payment Total
£1,600 (minimum) £400 £2,000
£4,000 £1,000 £5,000
£12,000 (maximum) £3,000 £15,000

You can use the scheme with an equity loan.