Help to Buy Scheme: Individual Savings Accounts

(asked on 17th October 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of Help to Buy ISAs that have been opened in each of the last two years.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 20th October 2023

The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.

The Help to Buy: ISA scheme closed to new accounts on 30th November 2019. The scheme continues to help those struggling to save enough to get onto the housing ladder as existing account holders can continue to save into their Help to Buy: ISA until November 2029. The latest statistics show that since the scheme was launched in 2015, 558,176 property completions have been supported through the scheme.

The Lifetime ISA (LISA) was launched in 2017 and remains open for those that are eligible for the scheme. Further information on this scheme can be found at:

https://www.ownyourhome.gov.uk/

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