Money for nothing
Have you heard about the Help to Buy ISA?
If you haven't, you need to read this.
If you're saving to buy your first home, for every £200 you
save, the Government will give you £50.
You could receive a maximum of £3,000 from the Government to
help you buy your first home - if you save £12,000, the Government
will give you £3,000.
It gets better - if you're buying as a couple you can each open
a Help to Buy ISA - meaning that you could receive up to £6,000
towards your new home.
What's the catch? Well there isn't one! The only condition
attached to receiving the extra money is that you must use
your savings to buy a home. It's worth noting that the bonus earned
from the ISA cannot be used for the deposit due at the exchange of
contracts, to pay for solicitor's, estate agent's fees or any other
indirect costs associated with buying a home. You will need to keep
some savings back for these fees.
So, if you're looking to get on the housing ladder and
want to find out more, watch this short video…
For all the information you need, including an ISA
calculator take a look here.
31 October 2016