Question to the HM Treasury:
To ask His Majesty's Government what steps they have taken to develop a new incentive for first time buyers to save for their first home.
At Autumn Budget 2025, the Government announced its intention to introduce a new First Time Buyer ISA(FTB ISA) to support people saving for their first home. On 23 June the Government published a consultation on the implementation of the FTB ISA, seeking views from industry and other stakeholders on its design and delivery. The consultation closed on 18 August 2026 and the Government is carefully considering the responses received.