Aims: Eleven new symbiotic stars have recently been discovered with IPHAS, the INT Hα survey of the Northern Galactic plane. The star IPHAS J190832.31+051226.6 was proposed as an additional candidate on the basis of the existing spectrum. Here, we investigate the nature of this source by means of additional observations. Methods: Photometric data, optical spectra obtained in 2006 and 2009, a higher resolution spectrum resolving the Hα profile, and near-IR spectra of IPHAS J190832.31+051226.6 are all presented. Results: The source brightened in the r band by 2.3 mag from 2004 to 2009. From 2006 to 2009, the spectrum has evolved from one with the obvious continuum of an M giant star plus HI and HeI lines in emission to a lower excitation nebular spectrum with HI, CaII, and FeII emission and a bluer continuum in which the absorption bands of the red giant are only visible at wavelengths longer than 7500 Å. The Hα line is broad with a deep central absorption and extended wings. Conclusions: The averaged rate of the brightness increase, the rise of a blue continuum overwhelming the absorption bands of the M giant, and the corresponding decline of the ionization condition of the emission-line spectrum, are all consistent with the hypothesis that IPHAS J190832.31+051226.6 is a new symbiotic star picked up during the onset of a symbiotic nova outburst that is still in progress at the time of writing. Based on observations obtained at; the 2.6 m Nordic Optical Telescope operated by NOTSA, and the 2.5 m INT and 4.2 m WHT telescopes of the Isaac Newton Group of Telescopes in the Spanish Observatorio del Roque de Los Muchachos of the Instituto de Astrofísica de Canarias.