Affordable home ownership schemes
3. Help to Buy ISA
If you’re saving to buy your first home, the government will top up your savings by 25% (up to £3,000). If you’re buying with someone else, they can also get a Help to Buy ISA.
You don’t have to pay it back.
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
You can use the scheme with an equity loan.
How it works
Your first payment to your ISA can be up to £1,200 and then you can pay up to £200 each month. When you buy your property, your solicitor or conveyancer will apply for the extra 25%.
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How to apply
Apply to one of the following providers: