Don’t Miss Out on The Help to Buy ISA

The help to buy ISA scheme deadline is approaching fast, before 30th November 2019 act quickly and open an account.

The government has given the notice to say the scheme is getting scrapped; a couple of tips and for our readers,  opening help to buy ISA doesn’t mean you have to use it to buy a house straight away, you have up until 2029 to cash in before you would lose the benefits.

If you think you might want to buy with your current partner, then you should give them a nudge to encourage them to open help to buy ISA too. The accounts can begin with as little as a £1 initial deposit, so there’s more reason to open one if you are planning on buying your first home.

The government boosts your total savings by a generous 25% when you cash in to buy your first home. The maximum bonus payable capped at £3000. The scheme was designed to help kickstart the property market.

Be wary, there are also restrictions about how much you can pay in — Capped at £200pm with a maximum initial deposit of £1200. You cannot use the bonus itself for the deposit on a house, the main reason for this is you are not entitled to the bonus until your solicitor can evidence that you have used your savings to purchase your first home. The bonus is payable after completion has taken place.

For more information visit:

Help to Buy Mortgage Advice:

Quick Links:

Next Steps;

Take a look around the website and when you’re ready to proceed just give us a call, send us an email or if it’s more convenient drop us a text.

Mortgage Broker Sunderland – Mortgage Advice Sunderland – Mortgage Advisor Sunderland

Money Man mascot Latest Articles...

News & Opinions

Need More Help?

Contact Us
Mortgage Advice Sunderland

We Search 1000's of Mortgage Deals For You

Here are some of the lenders we work with...

lenders company logos
Local Mortgage Advice Sunderland Open & Honest Mortgage Advice in Sunderland & Sunderlandmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

Sunderlandmoneyman – Hope Street Xchange, 1-3 Hind Street, Sunderland, SR1 3QD

The Financial Conduct Authority does not regulate most buy to let mortgages.

Your Rights | Privacy Statement