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Budget 2015 and the New Help to Buy Isa

In his sixth, pre-election budget, Chancellor George Osborne unveils a new incentive for the first time buyers.  A new help-to-buy ISA, which is effectively a new five year savings plan that could come into effect later this year, will see the government add £50 to every £200 first-time buyers put away towards a deposit.

Property industry experts see the new Isa as the most helpful incentive for buyers looking at the lower value markets outside London and the South East.

For the summary of the key Budget 2015 announcements see here.