{"id":67261,"date":"2016-02-04T10:20:00","date_gmt":"2016-02-04T10:20:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=122f8195d7ec1b5029c095709c3b519f"},"modified":"2016-02-04T10:20:00","modified_gmt":"2016-02-04T10:20:00","slug":"news-story-help-to-buy-isas-opened-every-30-seconds-across-uk","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=67261","title":{"rendered":"News story: Help to Buy: ISAs opened every 30 seconds across UK"},"content":{"rendered":"<div class=\"govspeak\">\n<ul>\n<li>this week the first people have claimed their Help to Buy: ISA bonus<\/li>\n<li>\n<a rel=\"external\" href=\"http:\/\/www.chorleybs.co.uk\/index.html\">Chorley Building Society<\/a> becomes 15th banking brand to sign up to offer Help to Buy: ISAs <\/li>\n<\/ul>\n<p>A quarter of a million first time buyers, more than half of whom are aged 30 and under, have opened a <a rel=\"external\" href=\"https:\/\/www.helptobuy.gov.uk\/help-to-buy-isa\/how-does-it-work\/\">Help to Buy: ISA<\/a> since the government\u2019s landmark scheme launched on 1 December 2015. This is equivalent to 1 person opening an account every 30 seconds, or over 3,000 a day. <\/p>\n<p>The first homebuyers have also claimed their Help to Buy government bonus this week, which means the new Help to Buy: ISA is already helping first time buyers onto the housing ladder. <\/p>\n<p>The Chancellor made these announcements while visiting a Persimmon housing development in Sandbach, Cheshire, which provides new-build homes that are available through the government\u2019s Help to Buy scheme.<br \/>\nOver 25,000 people have taken out a Help to Buy: ISA in the North West of England. <\/p>\n<p>Chancellor of the Exchequer, George Osborne said: <\/p>\n<blockquote>\n<p>It\u2019s great to visit a Persimmon housing development in Cheshire to see first-hand how the government\u2019s landmark Help to Buy schemes have helped over 13,000 people in the North West achieve their dream of home ownership.<\/p>\n<p class=\"last-child\">Last year I announced further help for first time buyers with the new <a rel=\"external\" href=\"https:\/\/www.helptobuy.gov.uk\/help-to-buy-isa\/how-does-it-work\/\">Help to Buy: ISA<\/a> and I\u2019m delighted that a quarter of a million people have already taken advantage. It is all part of our plan to back working people who are doing the right thing and saving for their first home.<\/p>\n<\/blockquote>\n<p>Chorley Building Society will also offer the new Help to Buy: ISA from 8 February, which means that 15 different bank brands have now signed up to offer the product. <\/p>\n<p>Launched by the Chancellor at the 2015 March Budget, the Help to Buy: ISA is part of the government\u2019s long term plan to support people who want to work hard, save up for a deposit and buy their own home.<\/p>\n<p>The scheme gives first time buyers the opportunity to save up to \u00a3200 a month in a dedicated ISA that the government will top up by 25%, up to a maximum of \u00a33,000.<\/p>\n<p>First-time buyers eager to make the most of the scheme can also open their account with a one-off lump sum of up to \u00a31,000 in addition to the monthly maximum.<\/p>\n<p>And couples buying together will be able to combine their bonuses, meaning a potential boost of up to \u00a36,000 towards a deposit for a first home.<\/p>\n<p>The government is determined to help first-time buyers achieve their dream of owning their own home, which is why it introduced the successful <a rel=\"external\" href=\"https:\/\/www.helptobuy.gov.uk\/mortgage-guarantee\/how-does-it-work\/\">Help to Buy: Mortgage Guarantee<\/a> and <a rel=\"external\" href=\"https:\/\/www.helptobuy.gov.uk\/equity-loan\/equity-loans\/\">Help to Buy: Equity Loan schemes<\/a>, which have helped over 100,000 people onto the housing ladder.<\/p>\n<p>Today\u2019s visit comes the same week as the launch of the new London Help to Buy scheme, which gives first-time buyers and second-steppers the opportunity to own a new-build home in the capital with a deposit backed by a 40% equity loan from the government that is interest free for the first 5 years.<\/p>\n<p>At Spending Review 2015, the <a rel=\"external\" href=\"https:\/\/www.helptobuy.gov.uk\/equity-loan\/equity-loans\/\">Help to Buy: Equity Loan scheme<\/a> was extended to 2021.<\/p>\n<p>Data provided by a sample of the banks offering Help to Buy: ISAs shows that 75% of the savers who have opened the ISAs are aged 30 and under.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>250,000 first time buyers have opened a Help to Buy: ISA since launch.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/67261"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67261"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/67261\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}