Government announces Help to Buy ISA


Government announces Help to Buy ISA

The UK government has today announced a Help to Buy ISA, to help first time buyers save for their first home. The new accounts will be available through banks and building societies from autumn 2015.

Les Matheson, CEO of Personal and Business Banking for RBS and NatWest  said: “We’re very supportive of any measures to further help customers to get on to the property ladder where they can afford repayments, but need help getting a deposit together. The Help to Buy ISA will not only do that, but will help to encourage a savings habit. We look forward to working with HM Treasury on its launch”.

Further information on the Help to Buy ISA is on the government’s website.


 

**UPDATE 25 July 2015**

On Saturday 25 July 2015 Chancellor George Osborne announced that NatWest will be one of the first banks to offer the new Help to Buy ISA from December 1 2015.

Chief Executive Ross McEwan commented:

“NatWest is delighted to be in the first wave of banks to support the crucial first-time buyer segment from December through the Help to Buy: ISA. Many people these days are having to work extremely hard to pull together the level of deposit they need to get on the property ladder and to achieve their aspirations. This initiative will help the market and reward our customers who are doing the right thing.”

Tagged

2015

Related articles

Survey reveals first time buyers lack mortgage knowledge

Our Millennials Home Buying Survey has shown 40% of 21-30 year olds don’t know how much they need to save for a deposit to buy their first home and of the 60% who think they do know what their deposit should be, less than half were actually correct in their estimate.

Happy Birthday Help to Buy

NatWest and RBS have helped over 6,200 first-time buyers since the launch of the Help to Buy: mortgage guarantee scheme.

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox