Would-be-homeowners in large parts of England are being priced
out of a government scheme to help first-time buyers, a BBC
investigation has found.
The Help to Buy Individual Savings Account (HTB Isa) was
introduced last year to help people save for a home.
In many areas, the average price of a starter home exceeds the
maximum purchase cap of £250,000, or £450,000 in London.
Chancellor George Osborne said the scheme was aimed at first
The HTB Isa was introduced in December to allow first time
buyers to put their deposit into a tax-free savings account and get
a 25% bonus, up to a maximum of £3,000, when they buy their
However, the bonus is only available if the purchase price does not
exceed the cap. Housing charity Shelter said it only helped "the
lucky few" and the government should focus on building more
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Eddie Ellis MNAEA
JP & BRIMELOW Chorlton