The short answer: no. GOV.UK says you can no longer open a Help to Buy ISA.
If you already have one, that is different. GOV.UK says existing holders can pay in up to £200 a month until November 2029 and may claim the 25% Government bonus until November 2030, provided they meet the scheme rules when they buy.
What existing Help to Buy ISA holders need to know
For an eligible purchase, the home must be the only home you own and the home you intend to live in. The purchase price limit is up to £250,000 outside London or up to £450,000 in London. Your solicitor or conveyancer applies for the bonus.
The maximum Government bonus is £3,000. The account and bonus rules are specific to Help to Buy ISAs, so do not close or transfer an existing account without understanding the effect on your position.
How a Lifetime ISA is different
A Lifetime ISA is a separate savings product. Eligible people must make their first payment before age 40. You can put in up to £4,000 each tax year until age 50, and the Government adds a 25% bonus of up to £1,000 a year.
That does not mean a Lifetime ISA is automatically the right route for everyone. The answer can depend on when you hope to buy, the price of the property, whether you already hold a Help to Buy ISA and the withdrawal rules. It is worth checking the current official rules before making a decision.
A simple way to avoid confusion
“Help to Buy ISA” and “Lifetime ISA” sound similar, but they are different products. A Help to Buy ISA cannot be newly opened. A Lifetime ISA can still be opened by an eligible person, but it has its own conditions.
