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Help to Buy: ISA

Help to Buy: ISA

If you are saving to purchase your first home, a Help to Buy: ISA can help. If you save into a Help to Buy: ISA, the Government will boost your savings by 25%.* Plus, if you have a Help to Buy: ISA with Progressive, you could get £750 cashback per person if you take your first time buyer mortgage with us too!

  • A Help to Buy: ISA is a specific type of Cash ISA which is only available to people who are looking to purchase their first home.
  • If you save into a Help to Buy: ISA, the government will boost your savings by 25%. The bonus must be used as part of your deposit for your first home purchase.
  • You must have saved at least £1,600 into your account before you are eligible to claim your bonus. The minimum bonus is £400 and the maximum government bonus you can receive is £3,000, which is payable if you save £12,000.
  • If you are buying your first home with another person, you can each open a Help to Buy: ISA and can both claim a bonus.
  • If you are a first-time buyer purchasing a home with someone who already owns their own home, you can still open a Help to Buy: ISA and claim the full bonus, but the other applicant will not be eligible to do so.

Before you apply, please make sure you read the Summary Box, Account terms & conditions and ensure you are eligible.

*The government bonus is available on account balances between £1,600 and £12,000 and the maximum bonus payable by the Government is £3,000.

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We’d love to talk you through the mortgage process and help you find a suitable product. For more information or to apply for an account, you can call us, email us, pop into one of our 12 branches. We look forward to hearing from you.

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Contact a member of our helpful team to find out more about the Help to Buy: ISA at Progressive!

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