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Number of help to buy bonuses and property completions in the United Kingdom (UK) as of June 2023, by age group

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Source

Release date

November 2023

Region

United Kingdom

Survey time period

March 2016 to June 2023

Supplementary notes

The source added the following information "The Help to Buy: ISA scheme was launched on 1 December 2015 with accounts available through banks, building societies and credit unions. The scheme enables people saving for their first home to receive a 25% boost to their savings from the Government when they buy a property of £250,000 or less (with a higher price limit of £450,000 in London). This means that for every £200 saved, first-time buyers can receive a government bonus of £50. The maximum government bonus is £3,000."

Citation formats

Help to buy bonuses and property completions in the UK 2015-2023, by age

Published by ÌÇÐÄÆƽâ°æ Research Department, Dec 14, 2023

The number of bonuses paid out compared to the number of total property completions by age group in the United Kingdom (UK) in the 'help to buy' scheme between December 2015 and June 2023 varied by age group. Those aged between 25 and 34 years old used the help to buy scheme and received bonuses as well as making property completions far more than any other age group; 25 to 34 year old's received over ** bonuses and made approximately ** property completions.

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Topics

First-time home buying UKHousing market in the U.S.Mortgage industry in the U.S.Assets and wealth of households in EuropeMortgages in Europe
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