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Number of ISA bonuses paid with the help to buy scheme in the UK 2016-2020

This statistic shows the monthly number of bonuses paid out compared to the number of total property completions in the United Kingdom (UK) in the help to buy scheme between March 2016 and March 2020. In March 2020, the number of ISA bonuses paid out for the help to buy scheme was over 9.5 thousand, with a total of over 7.3 thousand property completions.

Number of ISA bonuses paid out and total property completions in the help to buy scheme in the UK March 2016 to March 2020

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Source

Release date

July 2020

Region

United Kingdom

Survey time period

March 1, 2016 to March 31, 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."

* "Total property completions include property purchases where confirmation of completion is still being awaited from the acting solicitor or conveyancer. Total property completions is lower than the total bonuses paid as multiple bonuses can be used for a single property, i.e. a couple each with a Help to Buy: ISA buying a property together."

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