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Written Question
Help to Buy Scheme: Individual Savings Accounts
Tuesday 29th October 2024

Asked by: James MacCleary (Liberal Democrat - Lewes)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment with Cabinet colleagues of the potential merits of increasing the purchase price limit under the help-to-buy ISA scheme in line with average house price increases.

Answered by Tulip Siddiq - Economic Secretary (HM Treasury)

This Government is committed to helping first time buyers own their own home, and will do this by building 1.5 million more homes.

The Government keeps savings policy under review, any changes of this kind would be made at a relevant fiscal event.