First Time Buyers: Individual Savings Accounts

(asked on 21st February 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the number of first time buyers that have used a (a) Help to Buy ISA and (b) Lifetime ISA to fund the purchase of a home.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 2nd March 2020

370,768 first-time buyers have made use of a Help to Buy: ISA up to September 2019. This information is available in the Help to Buy: ISA Scheme Quarterly Statistics report, which was released on 27 February 2020 and is available here: https://www.gov.uk/government/statistics/help-to-buy-isa-scheme-quarterly-statistics-december-2015-to-30-september-2019

An estimate of the number of first-time buyers who have used a Lifetime ISA to fund the purchase of a home is not currently available.

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