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The End of the Help to Buy ISA

23 August 2019

Conveyancing, News

One major government scheme which was introduced to help first time buyers was the Help to Buy ISA scheme.

Help to Buy ISA’s were launched in 2015 to help first time buyers get on the property ladder and introduced a bonus which is given to you in addition to the amount saved –  the government will boost your savings by 25%. You can transfer up to £1,200 in the first month when the account is opened and £200 each month after that, with a maximum contribution overall of £12,000.

However, from 30th November 2019, Help to Buy ISA’s will be no more. If you have opened your account before this date you will still be able to keep saving until 30th November 2029 but the bonus must be claimed by 1st December 2030.

Is it still worth opening an account?

Williamsons Solicitors - ConveyancingThe Help to Buy ISA is an advantageous scheme that can ease the cost burden of purchasing your first home without the need to borrow from a relative or friend.

You only need £1 to open an account, which you can then continue to put money into when you are ready. So, even if you don’t think you are in the position to purchase your first home any time soon, it will still benefit you in the future. Please contact our Conveyancing team on 01482 323697 who can provide you with all the necessary legal advice surrounding buying your first property and using a Help to Buy ISA.

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I would highly recommend Williamsons Solicitors, Gordon represented me for my case and was excellent. Always on the end of the phone when I need him. overall top job thankyou. Mr Lloyd Milner

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Mr and Mrs Rollinson

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Excellent service from Williamsons throughout a very protracted property transaction. Carey was patient and helpful at all times and we would highly recommend Williamsons based upon our experience. Thank you :)

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Mr William E

Williamsons Bridlington office conducted the conveyancing of my house recently. The customer service was exceptional and very professional. The regular communications were very helpful and i was kept up to date throughout the process. Many thanks to Suzanne, Beth and all the staff at the Bridlington office.


Friendly supportive service. Explained everything and responded to queries promptly


Its always difficult when you are selling a house but even more so when it is a probate sale. Williamsons have handled my sale with sensitivity and efficiency and have supported me throughout the process.

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