Help to Buy ISA

The Government has introduced the Help To Buy ISA

Man putting money into piggy bank for Help to Buy ISA

This means if you are a first time buyer and you save up to £200 a month towards your first home, the Government will boost your savings by 25%. That’s a £50 bonus for every £200 you save, meaning you could receive a bonus of up to £3,000 to help you buy your first home. Want more information? Download a Government produced guide here or take a look at our Q&A below.

Ready to move now?

Did you know that if you have a 5% deposit saved you could buy a new home right now? With our Help to Buy scheme you could move straight away.

Visit one of our developments and speak to a Sales Executive about this and other schemes which could help you buy your first home.

Help to Buy ISA explained

How do I get started?

You can open the Help to Buy ISA with a deposit of up to £1,000. If you pay in the maximum amount of £1,000, you’ll immediately secure a Government bonus of £250.

How much can I save?

There is no minimum monthly deposit with a Help to Buy ISA but you could save up to £200. For each £200 you save, the Government will contribute 25%, so you could get a maximum bonus of £50 available for each calendar month.

What is the maximum I can save with the ISA?

You’ll be able to save a maximum of £12,000. The Government bonus of 25% will increase the value of the ISA to£15,000. On top of this, the account will accrue interest like any other ISA, so the total amount available could be considerably more.

Can my partner and I have an account each?

Yes - Help to Buy ISAs are limited to one per person rather than one per home. That means that you and your partner can both open an ISA and receive a bonus.

It also means that if you are buying with more than one other person, you could put several ISAs together for an even bigger deposit.

Who can open a Help to Buy ISA?

You can only open a Help to Buy ISA if you are 16 and over and saving to buy your first property property in the UK.

How much bonus could I get in total?

You will need to save at least £1,600 to be eligible under the scheme, up to a maximum of £12,000.

The minimum bonus you could get is £400 per person and a maximum bonus size of £3,000 per person.

So for example, if you save £12,000, the Government bonus will boost your total savings to £15,000.

How do I redeem the bonus?

You will only get the bonus when you buy your first home. It will be available on home purchases of up to £450,000 in London and up to £250,000 outside London.

Are there any time limits on the scheme?

The scheme is only open for four years, so you will need to start your ISA within that time.

Help to Buy

With the Government backed Help to Buy scheme, you can buy a new home with just 5% deposit. So you can stop saving for a deposit, and start buying your first home.

Find out more

Why buy new?

The standard of home building in the UK has never been higher than it is today. With the need for housing at unprecedented levels, we are investing huge amounts of resources into the quality of our properties.

Find out more