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

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?

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About Kate Faulkner

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.
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