The rather unheralded Help To Buy ISAs have finally been launched this week. 1st December saw a number of Banks offering excellent headline rates for the new savings plan designed to get young people into their first homes. The Government is providing a significant boost to encourage any potential savers. We think these plans will rightly be very popular once people are fully aware of the benefits.
The key points are…
- Savers get a bonus when they buy their first home of 25% (Up to £3000). Your solicitor will apply for this.
- Available to any First Time Buyer 16 or over
- Set to last until 2030
- Two first time buyers can take out Help to Buy ISAs and receive bonuses of up to £3000 each
- Help to Buy ISAs can be used towards purchases up to £250,000 (£450,000 London)
For more information please visit the link below