LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Number of property completions supported by Help to Buy ISA revealed – London Wallet

Mark Helprin by Mark Helprin
December 2, 2024
in Real Estate
Number of property completions supported by Help to Buy ISA revealed – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Van Doorn to step down as ULI Europe CEO | Property Week

Hedge funds on hunt for record amount of London office space | Property Week

King’s Cross lands first new office occupier in five years | Property Week

The Help to Buy ISA has now supported as many as 612,426 property completions since its launch at the end of 2015, according to the latest government statistics.

The quarterly figures, covering the scheme’s launch up to 20 June 2024, show 795,759 bonuses have been paid through the scheme (totalling £1bn), with an average bonus value of £1,291.

The highest number of property completions supported by the scheme is in the North West, Yorkshire and the Humber, the West Midlands and Scotland, with the lowest numbers in North East of England, East England, Wales and Northern Ireland.

The mean value of a property purchased through the scheme is £178,220, compared with an average first-time buyer house price of £241,502 and a national average house price of £288,000.

The Help to Buy ISA scheme was launched on 1 December 2015 with accounts available through banks, building societies and credit unions.

The scheme enables people saving for their first home to receive a 25% boost to their savings from the government when they buy a property of £250,000 or less (with a higher price limit of £450,000 in London). 

This means that for every £200 saved, first-time buyers can receive a government bonus of £50. The maximum government bonus is £3,000.

The scheme closed to new accounts on 30 November 2019. Help to Buy ISA holders can, however, continue saving into their account until 30 November 2029 when accounts will close to additional contributions. The Help to Buy ISA government bonus must be claimed by 1 December 2030.





Source link

Share30Tweet19
Previous Post

‘Severe maladministration’ found in London borough landlord services – London Wallet

Next Post

It’s The Most Wonderful Time Of The Year… and I’m not talking about Christmas – London Wallet

Mark Helprin

Mark Helprin

Recommended For You

Van Doorn to step down as ULI Europe CEO | Property Week
Real Estate

Van Doorn to step down as ULI Europe CEO | Property Week

July 21, 2025
Hedge funds on hunt for record amount of London office space | Property Week
Real Estate

Hedge funds on hunt for record amount of London office space | Property Week

July 21, 2025
King’s Cross lands first new office occupier in five years | Property Week
Real Estate

King’s Cross lands first new office occupier in five years | Property Week

July 21, 2025
Kensington and Chelsea reverses ban on Grenfell insulation firm | Property Week
Real Estate

Kensington and Chelsea reverses ban on Grenfell insulation firm | Property Week

July 21, 2025
Next Post
It’s The Most Wonderful Time Of The Year… and I’m not talking about Christmas – London Wallet

It's The Most Wonderful Time Of The Year... and I'm not talking about Christmas - London Wallet

Related News

Dogecoin holders celebrate ‘Dogeday’ 4/20 as ETF decision draws near

Dogecoin holders celebrate ‘Dogeday’ 4/20 as ETF decision draws near

April 20, 2025
UK and French military officials meet in Kyiv to discuss the ‘special expeditionary force’ – London Business News | London Wallet

UK and French military officials meet in Kyiv to discuss the ‘special expeditionary force’ – London Business News | London Wallet

April 8, 2025
Bankruptcy exit party at WeWork

Bankruptcy exit party at WeWork

July 21, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?