Help to Buy Schemes
Help to Buy ISA
If you are saving to buy your first home, using a Help to Buy ISA, the Government will boost your savings by 25%. For example, save £200 a month and they add £50, up to a maximum of £3,000, boosting your ISA savings of £12,000 to £15,000. <br><br>Please note, the Help to Buy ISA closed to new accounts on 30 November 2019. If you opened a Help to Buy ISA before 30 November 2019, you will be able to continue saving into your account until November 2029.
Help to Buy Equity Loan
You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
With Help to Buy Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations. You will need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold
Terms & Conditions apply to above schemes. For eligibility and more information please visit the official website: www.helptobuy.gov.uk/
Source: Information contained within this web page has been taken from the Help to Buy website and was last checked January 2020.