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Help to Buy Isa: 140,000 have already applied

Deposit help for first-time home buyers proving popular

You can get up to £3,000 towards the purchase of a house with a Help To Buy Isa

Around 140,000 people have opened a Help to Buy Isa since it launched in December. 

Chancellor George Osborne offered the first glimpse of take-up figures last week in a speech to business leaders in Cardiff. 

A Help to Buy Isa offers first-time buyers a 25% government top-up on savings of up to £12,000 when you buy your first home. 

Many Help to Buy Isas offer market-leading interest rates, although you can only deposit up to £1,000 initially and a maximum of £200 per month after that.

Help to Buy Isa rates

Barclays is the latest bank to have launched a Help to Buy Isa, offering customers an interest rate of 2.27% from today.

However, Halifax is currently offering customers 4% interest, which is the best Help to Buy Isa rate on the market – you can find out more about the Halifax Help to Buy Isa with Which? Money Compare.

If you open a Help to Buy Isa but don’t end up using the money to buy a house, you’ll still qualify for the interest but won’t receive the 25% government top-up. 

Find out more: compare instant-access Isas

What is a Help to Buy Isa?

Our Help to Buy Isa guide explains more about how the scheme works, who is eligible and how the bonus gets paid – but for an overview of Help to Buy Isas, just watch our two-minute video.


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