Can the Help to Buy ISA really help first time buyers?

Posted on 23/06/2016 by Kate Faulkner OBE

According to a BBC investigation, their research suggests that, in many areas, “the average price of a starter home exceeds the maximum purchase cap of £250,000, or £450,000 in London”.

Shelter said the Help to Buy ISA – in which the government tops up your saving for a deposit by 25% – only helped “the lucky few” and the government should focus on building more homes.

While I agree wholeheartedly with the latter part of Shelter’s statement, does this mean the Help to Buy ISA isn’t worth doing?

To find out how much is needed to buy a first home in your area and if the H2B ISA is worth saving into, read:-
Can the Help to Buy ISA really help first time buyers?

Advertisement

About Kate Faulkner OBE

One of the UK’s leading property experts, commentators and analysts. An author of a number of property books, including four property guides for the consumer organisation Which?. Media appearances include BBC1 Breakfast, ITV/ITN, The One Show, BBC2 Your Money, Radio 4 You and Yours, Radio 5 Live, Channel 4, plus numerous local BBC radio stations.
This entry was posted in Property Prices. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s