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?