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1716946

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will have discussions with the Secretary of State for Levelling Up, Housing and Communities on the potential merits of increasing the purchase price limits on ISAs to exceed £250,000.
tabling member constituency	Mid Bedfordshire
tabling member printed	Alistair Strathern
uin	25600
answer	answer is ministerial correction date of answer 14/05/2024 answer text <p>The Government keeps all aspects of savings policy under review, and any changes of this kind would be made at a relevant fiscal event.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 14/05/2024 13:01:10 answering member 4639 label Biography information for Bim Afolami
tabling member	5000 label Biography information for Alistair Strathern

1669622

registered interest
date	13/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what information his Department holds on the number of people with Help to Buy ISAs who have bought a house in each of the last three years.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	1667
answer	answer is ministerial correction date of answer 16/11/2023 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>The Help to Buy: ISA scheme continues to support existing account holders save for a deposit towards their first home. The number of property completions is available online at <a href="https://www.gov.uk/government/collections/official-statistics-on-the-help-to-buy-isa-scheme" target="_blank">Official Statistics on the Help to Buy: ISA scheme - GOV.UK (www.gov.uk)</a>.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 16/11/2023 16:52:53 answering member 4639 label Biography information for Bim Afolami
tabling member	4591 label Biography information for Sarah Olney

1665255

registered interest
date	17/10/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of Help to Buy ISAs that have been opened in each of the last two years.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	202908
answer	answer is ministerial correction date of answer 20/10/2023 answer text <p>The Government is committed to supporting people of all incomes and at all stages of life to save, and to making the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>The Help to Buy: ISA scheme closed to new accounts on 30<sup>th</sup> November 2019. The scheme continues to help those struggling to save enough to get onto the housing ladder as existing account holders can continue to save into their Help to Buy: ISA until November 2029. The latest statistics show that since the scheme was launched in 2015, 558,176 property completions have been supported through the scheme.</p><p> </p><p>The Lifetime ISA (LISA) was launched in 2017 and remains open for those that are eligible for the scheme. Further information on this scheme can be found at:</p><p> </p><p><a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ownyourhome.gov.uk%2F&amp;data=05%7C01%7CFarook.Fathah%40hmtreasury.gov.uk%7Ca1f6ae4e789847f77d5108da2210eaf5%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C637859753295105999%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=uo%2FIqxfpVIO7GAPrE2BCR87YS99LKiCZSUtmjsYKBos%3D&amp;reserved=0" target="_blank">https://www.ownyourhome.gov.uk/</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 20/10/2023 11:11:15 answering member 4874 label Biography information for Andrew Griffith
tabling member	1409 label Biography information for Mr Gregory Campbell

1607053

registered interest
date	24/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to help people use their investment in a Help to Buy ISA in (a) Hampstead and Kilburn constituency and (b) other areas where average housing costs exceed £450,000.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	173045
answer	answer is ministerial correction date of answer 30/03/2023 answer text <p>While the Government keeps all aspects of saving policy under review, the Help to Buy: ISA scheme is designed to support prospective first-time buyers who want to get onto the housing ladder, but who may struggle to raise a deposit to do so. As first-time buyers tend to buy smaller (and therefore cheaper) first properties, the Help to Buy: ISA’s property price cap of £450,000 within London therefore allows the Government to target support more precisely at the people the scheme is intended to help. Since its launch in 2015, the scheme has supported 531,507 property completions across the UK, including over 43,000 completions in London, with a mean property value of £176,828 through the scheme compared with an average first-time buyer house price of £245,350.</p><p> </p><p>Further information on the Government’s home purchase support schemes can be found at: <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ownyourhome.gov.uk%2F&amp;data=05%7C01%7CFarook.Fathah%40hmtreasury.gov.uk%7C1047996985b84347d4fd08db2ae71118%7Ced1644c505e049e6bc39fcf7ac51c18c%7C0%7C0%7C638150944129733594%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=Q4nFySPVYnQSL3k3iVf9S%2Fqo6eYZy%2FMwR%2BXmiJhRGfk%3D&amp;reserved=0" target="_blank">https://www.ownyourhome.gov.uk</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 30/03/2023 09:44:16 answering member 4874 label Biography information for Andrew Griffith
tabling member	4518 label Biography information for Tulip Siddiq

1605435

registered interest
date	20/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made with Cabinet colleagues of the impact of the help to buy ISA scheme on house prices.
tabling member constituency	Weaver Vale
tabling member printed	Mike Amesbury
uin	169416
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>The Help to Buy: ISA’s property price cap of £250,000 for properties outside London (£450,000 within London) allows the Government to target support more precisely at the people the scheme is intended to help. Since its launch in 2015, the scheme has supported 531,507 property completions across the UK, with a mean property value of £176,828 compared with an average first-time buyer house price of £245,350.</p><p>Further information on the Government’s home purchase support schemes can be found at: <a href="https://www.ownyourhome.gov.uk" target="_blank">https://www.ownyourhome.gov.uk</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 27/03/2023 14:12:12 answering member 4874 label Biography information for Andrew Griffith
tabling member	4667 label Biography information for Mike Amesbury

1604426

registered interest
date	15/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential benefits of greater flexibility in the Help to Buy ISA scheme outside London to take account of regional house price variations.
tabling member constituency	Bedford
tabling member printed	Mohammad Yasin
uin	166300
answer	answer is ministerial correction date of answer 22/03/2023 answer text <p>While the Government keeps all aspects of savings policy under review, first-time buyers tend to buy smaller lower priced first properties. The Help to Buy: ISA’s property price cap of £250,000 for properties outside London (£450,000 within London) therefore allows the Government to target support more precisely at the people the scheme is intended to help. Since its launch in 2015, the scheme has supported 531,507 property completions across the UK, with a mean property value of £176,828 compared with an average first-time buyer house price of £245,350.</p><p>Further information on the Government’s home purchase support schemes can be found at: <a href="https://www.ownyourhome.gov.uk" target="_blank">https://www.ownyourhome.gov.uk</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 22/03/2023 09:35:21 answering member 4874 label Biography information for Andrew Griffith
tabling member	4598 label Biography information for Mohammad Yasin

1507847

registered interest
date	23/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will review the qualifying level of housing valuation for Help to Buy ISA's, in the context of increased house prices over the past three years.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	55027
answer	answer is ministerial correction date of answer 12/10/2022 answer text <p>The Help to Buy: ISA scheme aims to help first time buyers to save enough to get onto the housing ladder. As first-time buyers tend to buy smaller (and therefore cheaper) first properties, the scheme’s property price cap of £250,000 for properties outside London (£450,000 within London) allows the Government to target support more precisely at the people the scheme is intended to help. Since its launch in 2015, the scheme has supported 497,940 property completions across the UK, with a mean property value of £176,125 compared with an average first-time buyer house price of £231,704.</p><p> </p><p>While the Government keeps all aspects of savings policy under review, Help to Buy: ISA account holders can transfer their funds to a Lifetime ISA without incurring any penalties. The Lifetime ISA allows first-time buyers to benefit from the Government bonus when purchasing properties up to £450,000 anywhere in the UK.</p><p> </p><p>Further information on the Lifetime ISA together with a comprehensive list other forms of home purchase support schemes can be found on the Government’s website below:</p><p> </p><p><a href="https://www.ownyourhome.gov.uk/" target="_blank">https://www.ownyourhome.gov.uk/</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 12/10/2022 07:50:49 answering member 4874 label Biography information for Andrew Griffith
tabling member	1409 label Biography information for Mr Gregory Campbell

1341306

registered interest
date	28/06/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to (a) align the house price ceiling for the Government bonus for the discontinued Help to Buy ISAs with the new £450,000 level that applies to new Lifetime ISAs; or (b) disregard the £4,000 annual limit when whole balance transfers are made from discontinued Help to Buy ISAs into Lifetime ISAs.
tabling member constituency	St Albans
tabling member printed	Daisy Cooper
uin	23347
answer	answer is ministerial correction date of answer 05/07/2021 answer text <p>The Help to Buy: ISA scheme aims to help those that are struggling to save enough to get onto the housing ladder. The property price cap allows the Government to target support at the first-time buyers who need it the most. The scheme includes a higher property value cap of £450,000 for properties in London compared to £250,000 anywhere else in the UK.</p><p> </p><p>Since the scheme launched in 2015, 386,728 property completions have been supported through the scheme with a mean property value of £174,531 compared to an average first-time buyer house price of £210,727 and a national average house price of £251,500.</p><p> </p><p>The Lifetime ISA was launched in April 2017 and for the duration of the 2017-18 tax year, savers with a Help to Buy: ISA could transfer their full balance to a Lifetime ISA as a transitional measure. Any transfers from a Help to Buy: ISA to a Lifetime ISA made from 2018-19 onwards are subject to the Lifetime ISA’s annual subscription limit of £4,000.</p> answering member constituency Salisbury answering member printed John Glen question first answered 05/07/2021 10:47:25 answering member 4051 label Biography information for John Glen
tabling member	4769 label Biography information for Daisy Cooper

1311638

registered interest
date	22/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it the policy of the Government to raise the maximum purchase price of a house outside London which is eligible for purchase by people using the Help to Buy ISA.
tabling member constituency	Christchurch
tabling member printed	Sir Christopher Chope
uin	185792
answer	answer is ministerial correction date of answer 27/04/2021 answer text <p>The Help to Buy: ISA scheme aims to help those struggling to save enough to get onto the housing ladder. The property price cap allows the Government to target support at the first-time buyers who need it the most. The scheme includes a higher property value cap of £450,000 for properties in London compared to £250,000 anywhere else in the UK.</p><p> </p><p>The latest statistics show that since the scheme was launched in 2015 359,250 property completions, including more than 25,000 completions in London, have been supported through the scheme with a mean property value of £174,281 compared to an average first-time buyer house price of £204,964 and a national average house price of £244,513. The Government keeps all aspects of savings policy under review.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/04/2021 14:28:08 answering member 4051 label Biography information for John Glen
tabling member	242 label Biography information for Sir Christopher Chope

1290222

registered interest
date	26/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Help to Buy Scheme: Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of making house purchases above £250,000 outside London eligible for Help to Buy ISA bonuses.
tabling member constituency	Bristol West
tabling member printed	Thangam Debbonaire
uin	159327
answer	answer is ministerial correction date of answer 05/03/2021 answer text <p>The Help to Buy: ISA scheme aims to help those that are struggling to save enough to get onto the housing ladder. The property price cap allows the Government to target support at the first-time buyers who need it the most. Since the scheme launched in 2015, 359,250 property completions have been supported through the scheme with a mean property value of £174,281, below the average first-time buyer house price of £204,964 and well within the property price cap outside London of £250,000.</p> answering member constituency Salisbury answering member printed John Glen question first answered 05/03/2021 14:29:15 answering member 4051 label Biography information for John Glen
tabling member	4433 label Biography information for Thangam Debbonaire