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Amount paid in ISA bonuses in the help to buy scheme in the UK 2016-2020

This statistic shows the monthly value paid in million British pounds in ISA bonuses for the help to buy scheme between March 2016 and March 2020. As the scheme has grown, other than a small fluctuations, the amount paid out in bonuses has risen steadily. In March 2020, the overall amount paid out was 11.48 million British pounds.

Monthly value of ISA bonuses paid in help to buy scheme in the United Kingdom (UK) from March 2016 to March 2020

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Source

Release date

July 2020

Region

United Kingdom

Survey time period

March 1st, 2016 to March 31st, 2020

Supplementary notes

The source added the following information "The Help to Buy: ISA scheme was launched on 1 December 2015 with accounts available through banks, building societies and credit unions. The scheme enables people saving for their first home to receive a 25% boost to their savings from the Government when they buy a property of £250,000 or less (with a higher price limit of £450,000 in London). This means that for every £200 saved, first-time buyers can receive a government bonus of £50. The maximum government bonus is £3,000."

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