Help to Buy ISA’s proving popular

250,000 first time buyers have opened a Help to Buy Isa since the launch, that is one being opened every 30 seconds across the UK,  according to an announcement on the Gov.UK website from HM Treasury and Rt Hon George Osborne MP.

A quarter of a million first time buyers, more than half of whom are aged 30 and under, have opened a Help to Buy: ISA  since the government’s landmark scheme launched on 1 December 2015.

The Chancellor made these announcements while visiting a Persimmon housing development in Sandbach, Cheshire, which provides new-build homes that are available through the government’s Help to Buy scheme. Over 25,000 people have taken out a Help to Buy: ISA in the North West of England.

Chancellor of the Exchequer, George Osborne said: ” It’s great to visit a Persimmon Housing development in Cheshire to see first-hand how the government’s landmark Help to Buy schemes have helped over 13,000 people in the North West achieve their dream home ownership.

” Last year I announced further help for first time buyers with the new Help to Buy: ISA and I’m delighted that a quarter of a million people have already taken advantage. It is all part of our plan to back working people who are doing the right thing and saving for their first home”.

Check the full report on Gov.UK website here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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