View more on these topics

Six major lenders sign up to offer Help to Buy Isa


Six of the UK’s biggest lenders have signed up to the Government’s Help to Buy Isa scheme.

Barclays, Lloyds, Nationwide, NatWest, Santander and Virgin Money will offer the new savings product from 1 December.

Launched by the Government in the March Budget, the scheme offers savers a 25 per cent bonus if they use those savings to buy their first home.

A maximum of £200 can be saved each month, with the Government contributing up to an additional £50. The maximum Government contribution will be £3,000 per Isa. The bonus is available on homes up to £450,000 in London and £250,000 outside London.

Chancellor George Osborne says: “This Government is determined to help working people, and encouraging the aspiration to home ownership is central to that.

“That’s why I’m delighted that so many British banks and building societies have already signed up to offer the Help to Buy Isa from December, which will reward thousands of people who are working hard to save for their first home by giving them a 25 per cent boost to their deposit savings.

“This is in addition to the 200,000 people helped onto the property ladder by government-backed schemes in the past five years, and the 1.3 million housing association tenants who will be helped by the extension of Right to Buy.”


Japan: the Land of the Rising Dividends

By George Boyd-Bowman, Fund Manager at Neptune Many Western investors have long bemoaned the lack of a true dividend culture in Japan, claiming the corporate culture is not tilted in favour of shareholders. Yet today, in the Land of the Rising Sun, we see a fresh impetus to focus on shareholder returns, which is leading […]

Ingenious’ Guy Bowles: Greece and China are ‘irrelevant’

The ongoing crisis in Greece and the rollercoaster ride of the Chinese stockmarket are not issues that concern Ingenious Asset Management’s Guy Bowles. He sees them as short-term blips that are not going to impact his holdings in the £46m Global Growth fund he runs. “While they are extremely interesting, in terms of what’s actually […]


PFS Chelverton Equity fund tops Sanlam ‘White List’

The £364.2m PFS Chelverton Equity fund has taken the top position in the latest Sanlam White List. The wealth manager’s private investments income study ranks the 14 best performing UK equity income funds. The PFS fund, which is co-managed by David Horner and David Taylor and focuses on mid and smaller-cap companies, has outperfomed the wider market in […]

Alan Higham Annuit Direct 700

Alan Higham: Osborne is missing the point on pensions reform

Do you know how much money is saved every year into a tax-approved pension scheme? No? Well, at least you are not alone. I do not know and it turns out nobody else does either. I had a good chat with a friendly official at the Office for National Statistics, who explained why it was […]


News and expert analysis straight to your inbox

Sign up


There are 2 comments at the moment, we would love to hear your opinion too.

  1. So what about building more homes Mr Osborne, or are you afraid to burst this crazy bubble?

  2. You can save up to £200 per month, and can put in £1,000 as the start, so to reap the full benefit of this scheme you would need to save up for 55 months (over 4 and a half years) not including interest, so maybe knock a few months off the end. Very clever politics by Mr O and co but probably functionally irrelevant for a good number of those wanting to get onto the property ladder, like myself. Would be better if you could ramp up the amount of saving after a year so that the deposit actually becomes a meaningful sum much quicker.

    I’ll pass thanks.

Leave a comment