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Govt halves Help to Buy Isa costs on poor take-up


The Government has halved its expected bill for the Help to Buy Isa due to poor take-up of the scheme.

A statement published as part of the Autumn Statement today says the Government originally expected this to cost £2.1bn from 2016-17 to 2019-20.

However, the statement adds: “Take-up has been lower than expected, around half that assumed in the original costing, with deposit levels also slightly lower than the allowable limits under the scheme.

“This reduces the expected cost to £1.2bn from 2016-17 to 2019-20.”

The Help to Buy Isa was introduced in the 2015 Budget and gives first-time buyers a 25 per cent government top-up on savings towards a deposit, subject to restrictions.

The scheme came under fire earlier this year after it emerged that first-time buyers cannot use the Help to Buy Isa to boost their deposit before completion.


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  1. If take up of the HTB ISA has been poor, that for the LISA is likely, if not virtually certain, to be even poorer.

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