Date Published 08 May 2015
Calling all First Time Buyers!!! The UK Government - Helping us onto the property ladder with a Help to Buy ISA
The Government will boost your savings by 25%!
The UK`s Government has come up with a fantastic way to help first-time-buyers raise their deposits. After a successful year of granting mortgages the Government have found that first-time-buyers are struggling to raise the funds for their property deposit. To solve this problem they have designed the `Help to Buy ISA`.
From autumn 2015 with an initial deposit of £1000 first time buyers will be able to set up a Help to Buy ISA through a bank or building society.
Help to buy ISA accounts are limited to one per person (over the age of 16) but not one per household and are available for 4 years, once opened you have no limit on how long you can save for.
There will be a minimum bonus of £400 and a maximum bonus per person of £3000. The bonus will be available on home purchases of up to £450,000 in London and £250,000 outside of London. The bonus will be paid when you buy your home.
At VA Property Consultants we have tried and tested independent financial advisers and work with a small recommended team to provide the best tailor made products and services possible.
Please contact us on 01582 346 203 or email us email@example.com to discuss the Help to Buy ISA further and see how we can help you get your foot on the ladder!!