Which statement about Help to Buy ISA is correct?

Which statement about Help to Buy ISA is correct?

• A. Loans to enable purchase with a lower deposit and includes a government boosted bonus of savings.
• B. A government grant toward the purchase price.
• C. A savings account with a government boosted bonus on savings used for a property purchase.
• D. A student loan.

Answer: (A)

Help to Buy ISA works by letting you save into a dedicated savings account, and when you buy a home the government adds a top‑up to those savings to help with the purchase. The boost is a bonus on your saved funds, not a loan, and it isn’t a general grant toward the purchase price. The description that presents it as a savings account with a government boosted bonus on savings used for a property purchase best captures this mechanism. It’s this government top‑up on your savings that the scheme is designed to provide, encouraging people to save specifically for buying a first home.

Help to Buy ISA works by letting you save into a dedicated savings account, and when you buy a home the government adds a top‑up to those savings to help with the purchase. The boost is a bonus on your saved funds, not a loan, and it isn’t a general grant toward the purchase price. The description that presents it as a savings account with a government boosted bonus on savings used for a property purchase best captures this mechanism. It’s this government top‑up on your savings that the scheme is designed to provide, encouraging people to save specifically for buying a first home.