New HMRC Help to Buy ISA stats
These have been published and are available here covering 1 December 2015 (the start of the scheme) to 31 March 2017.
- 62,528 property completions have been supported by the scheme
- 86,128 bonuses have been paid through the scheme with an average bonus value of £625 and a total value of £54 million.
- The mean value of a property purchased through the scheme is £170,464 compared to an average first-time buyer house price of £182,000 and a national average house price of £216,000
- The median age of a first-time buyer in the scheme is 27 compared to a national first-time buyer median age of 30
These figures will not include those who have an existing Help to Buy (HTB) ISA and have not yet claimed a bonus for house purchase.
So this doesn’t tell us total number of Help to Buy ISAs.
Danny Cox, Chartered Financial Planner, Hargreaves Lansdown;
“Help to Buy is proving to be a popular warm up act for the Lifetime ISA, reducing the time it takes for first time buyers to take that all important step onto the property ladder. Transferring a HTB ISA to a Lifetime ISA makes sense for all but those who are planning to buy over the next 12 months, as the Lifetime ISA has higher contribution limits and for those who have time on their side, offers the option to invest to beat cash returns”