Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what are the eligibility criteria is for a person to qualify for a bonus with a Help to Buy ISA.

In addition to observing the usual ISA regulations, for an individual to qualify for a Help to Buy: ISA they must be 16 or over, have a valid National Insurance number, be a UK resident, and be a first-time buyer. Under this scheme being a first-time buyer means they must not have owned a property anywhere in the world.

An individual will then qualify for a government bonus when they come to buy a property if it is:

a) in the UK;

b) costs less than £250k (or £450k in London);

c) will be their only home;

d) is where they intend to live; and

e) will be purchased with a mortgage.