Help to Buy Scheme

Summary

To ask the Chancellor of the Exchequer, whether his Department plans to review the Help to Buy ISA maximum level which was set at £250,000 for properties outside London back in 2015, given the rise in the average costs of property.

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Timeline

1. 2 September 2022

   Written question

   To ask the Chancellor of the Exchequer, whether his Department plans to review the Help to Buy ISA maximum level which was set at £250,000 for properties outside London back in 2015, given the rise in the average costs of property.

   Source: Commons

2. 20 September 2022

   Answer

   As first-time buyers tend to buy smaller (and therefore cheaper) properties, the Help to Buy: ISA’s property price cap of £250,000 for properties outside London (£450,000 within London) allows the Government to target support more precisely at the people ...

   Source: Written answer

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• · Treasury · Answering body

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