The definitions as set out below are unique to Help to Buy: ISA.

For full detail of the Scheme Rules please see www.helptobuy.gov.uk/documents/2015/12/scheme-rules.pdf, or ask us for a copy in branch.

Eligible Customer (Scheme Rules - 4.7)

In order to open a Help to Buy: ISA, you must be an “Eligible Customer” and confirm that you are not and never have been a “Residential Property Owner” and:


  • are 16 years of age or over;
  • have a valid National Insurance number;
  • are resident in the United Kingdom, or:
    • though not resident in the United Kingdom, have general earnings from overseas Crown employment subject to United Kingdom tax within the meaning given by section 28 of the Income Tax (Earnings and Pensions) Act 2003, or
    • though not resident in the United Kingdom, are married to or in a civil partnership with a person mentioned in paragraph (iii)(a) above;
  • have not exceeded in that year of assessment (as that term is used in the ISA Regulations) the overall subscription limit in Regulation 4ZA(1) of the ISA Regulations;
  • have not subscribed, and will not subscribe, to a cash account (as described in Regulation 4(1A)(a) of the ISA Regulations) other than the Help to Buy: ISA in any year of assessment (as that term is used in the ISA Regulations) in which a subscription is made to the Help to Buy: ISA held by that individual. For the avoidance of doubt this, this paragraph (A)(v) shall not prevent an individual from subscribing to multiple ISA products within an individual savings account; and
  • have not previously received payment of a Bonus, unless the full amount of such Bonus has subsequently been repaid to the Administrator in accordance with these Scheme Rules; and
  • are not, and never have been, a Residential Property Owner.

Residential Property Owner (Scheme Rules – definitions)

Residential Property Owner” means an individual who owns an interest in land, whether in the United Kingdom or elsewhere, which:


  • is:
    • in England or Wales:
      • freehold;
      • leasehold, where the lease was originally granted for a term certain exceeding 21 years; or
      • commonhold; or
    • in Scotland, registered or recorded, or would be capable of being registered or recorded, as a right of absolute ownership in the Land Register of Scotland or General Register of Sasines in Scotland, as applicable; or
    • in Northern Ireland:
      • freehold; or
      • leasehold, where the lease was originally granted for a term certain exceeding 21 years; or
    • an equivalent interest in land to the interests in land listed in paragraphs (a)(i) to (iii) above under the laws of any jurisdiction outside the United Kingdom; and
  • comprises a building that is used or suitable for use as a dwelling, or is in the process of being constructed or adapted for such use; and
    • was acquired by the individual as a purchaser; or
    • entitles the individual to possession or occupation of that land.

Paragraph (a) above of this definition of “Residential Property Owner” shall be deemed to include an individual who has acquired an interest in land situated within the United Kingdom under the terms of a Regulated Home Purchase Plan.

First Time Buyer (Scheme Rules – definitions)

In order to claim your Government Bonus, you must be a First Time Buyer. “First Time Buyer” means an individual who:


  • is not, and never has been, a Residential Property Owner; and
  • will, by way of sole or joint ownership, become a Residential Property Owner in circumstances where:
    • the acquisition is of the legal interest in land situated within the United Kingdom;
    • the acquisition is to be funded by a loan that will be secured by a charge by way of legal mortgage over the land;
    • the entirety of the Bonus payable to that individual will be applied towards the acquisition;
    • the Purchase Price is:
      1. in the case of a property located in London, not more than £450,000; or
      2. in the case of a property located outside London, not more than £250,000;
    • the individual intends to occupy the land as their only or main residence; and
    • following the acquisition of that interest in land, the individual occupies the land as their only or main residence,
    • unless with reference to sub-paragraphs (v) and (vi) that individual, as a consequence of being either:
        • a member of the Regular Forces or the Reserve Forces (each as defined in section 374 of the Armed Forces Act 2006); or
        • the spouse or civil partner of a member of the Regular Forces or the Reserve Forces,
      is unable to occupy the land as their only or main residence at the time of the acquisition but intends, in the future, to occupy such land as their only or main residence.

    Paragraphs (b)(i) and (ii) above of this definition of “First Time Buyer” shall be deemed to include an individual who will acquire an interest in land situated within the United Kingdom under the terms of a Regulated Home Purchase Plan.