Would-be homeowners open 250,000 Help to Buy Isas in two months

First account-holders are already cashing in and claiming government bonus of at least £400

London houses
(Image credit: Dan Kitwood/Getty Images)

A savings account extension to the Help to Buy scheme is proving immensely successful with first-time homebuyers, with one account being opened around every 30 seconds.

Yesterday, Chancellor George Osborne announced that 250,000 Help to Buy Isas had been opened since their launch on the 1 December, which The Guardian says "equates to roughly 3,000 every day". Around three quarters were opened by savers under the age of 30, bolstering government claims that the scheme especially helps younger buyers.

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