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Help To Buy: ISA

Help To Buy: ISA

The Help To Buy: ISA is a savings account that enables first time buyers to have their savings for their first-time home topped up by a 25% Government bonus. The accounts closed to new customers on 30th November 2019, but if you have a Help To Buy: ISA with another provider, you can still transfer it to Progressive. 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.

I currently have a Help To Buy: ISA with Progressive

If you currently have your Help To Buy: ISA with Progressive, see the account information and bonus rules below:

  • 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 save into a Help To Buy: ISA and claim your bonus towards your deposit.
  • If you need to reference the Summary Box, Account terms & conditions for the account, you can find them here.
  • Help To Buy: ISAs were closed to new applicants on 30th November 2019.
  • If you have a Help To Buy: ISA with Progressive, you could be eligible for £750 cashback per applicant on your first-time buyer mortgage, if you decide to borrow from us when purchasing your first home in Northern Ireland. Find out more here.
  • Got a Question? Read our Q&A here for more information.

I currently have a Help To Buy: ISA with another bank or building Society

You can transfer your Help To Buy: ISA to Progressive from another provider. As you can only have one Help To Buy: ISA open at any time, the whole balance must be transferred, and the account closed.

Simply pop into your local branch to transfer your Help To Buy: ISA. Make sure you read the account Summary Box, and Account terms & conditions here first.

Why transfer to Progressive? If you have a Help To Buy: ISA with Progressive, you could be eligible for £750 cashback per applicant on your first-time buyer mortgage, if you decide to borrow from us when purchasing your first home in Northern Ireland. To be eligible for this cashback, simply transfer your Help To Buy: ISA to Progressive.

 

Speak to our team today

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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