Help to Buy ISA
You can no longer open a Help to Buy ISA.
Find out about other ways to get financial help from the government to buy a home.
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.