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.”



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

Women and millennials help drive £17bn+ franchise sector to record levels

New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.

Winners announced for Skills & Opportunities Fund

52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.

RBS Multicultural Network meets Eric Holder, 82nd US Attorney General

Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.

Set Tab for lightbox