Boost your savings by 25%
Help for first time buyers…
If you are saving to buy your first home, the government will boost your savings by 25% if you choose a Help to Buy ISA. So for every £200 you save, the government will boost this by a further £50.
You can receive a maximum government bonus of £3000.
Help to Buy ISA’s are available from a range of banks and building societies. This scheme is available to each individual, so if you are looking to buy a property with your partner you can boost your savings by £6000.
When you are close to buying your first home, you will need to instruct your solicitor or conveyancer to apply for your government bonus. Once they receive the government bonus, it will be added to the money you are putting towards your first home.