The Mortgage Brain logo
0333 340 8888

 Help to Buy ISA


How does it work?

If you are saving to buy your first home, save money into a Help to Buy ISA and the government will boost your savings by 25%. So, for every £200 you save, receive a government bonus of £50. The maximum government bonus you can receive is £3,000.



Open: the Help to Buy ISA  are available from a range of banks and building societies.

The accounts are available to each first time buyer, not each household. This means that if you are planning to buy with your partner, for example, you could receive a government bonus of up to £6,000 towards your first home.

Save: save up to £200 a month into your Help to Buy ISA. To kick start your account, in your first month, you can deposit a lump sum of up to £1,200.

The minimum government bonus is £400, meaning that you need to have saved at least £1,600 into your Help to Buy ISA before you can claim your bonus. The maximum government bonus you can receive is £3,000 and to receive that, you need to have saved £12,000.

Receive bonus: when you are close to buying your first home, you will need to instruct your solicitor or conveyancer to apply for your government bonus. Once they receive the government bonus, it will be added to the money you are putting towards your first home.


Who is Eligible

To qualify for a Help to Buy: ISA you must:

  • be 16 or over
  • have a valid National Insurance number
  • be a UK resident
  • be a first time buyer, and not own a property anywhere in the world
  • not have another active cash ISA in the same tax year: If you have opened a cash ISA this tax year, you can open a Help to Buy: ISA  but will have to take additional steps.


To qualify for the government bonus, the property you are buying must:

  • be in the UK
  • have a purchase price of up to £250,000 (or up to £450,000 in London)
  • be the only home you will own
  • be where you intend on living
  • be purchased with a mortgage


You can use the Help to Buy ISA with other government schemes, including the Help to Buy: Equity Loan scheme and Shared Ownership.



Other Help to Buy Scheme Options:



contact link
callback link
calculators link
testimonials link
One of The Mortgage Brain values is to invest in the people who come to work for us.  We have ...
Sandhurst Village Hall is a much loved and used resource in a village that has lost many of its ...
To introduce myself my name is Katie MacLeod. I am a complete novice to running having never ...
Official StatisticsHelp to Buy (equity loan scheme) and Help to Buy: NewBuy statistics: April 2013 ...

Subscribe to our Newsletter:


montagu logo

tfn logo


cml logo
Help To Buy Scheme London logo
Help To Buy Scheme South logo
Help To Buy Scheme Southwest logo
Help To Buy Scheme Midlands logo


lifely surveyors logo