You may wish to consider a Help to Buy ISA which is a government led initiative to assist First Time Buyers save for their deposit by adding a 25% bonus to their savings up to a maximum bonus of £3,000. New accounts can be opened until 30 November 2019 but savings can continue until 2029. Further information can be provided upon request.
The minimum government bonus you can receive is £400, so you need to save £1,200 yourself before claiming your bonus.
The Scheme offers a boost for anyone saving for their first home. The accounts are linked to each first time buyer and not the property two buyers could come together to receive a total government bonus of £6,000. The bonus can be used together with your mortgage to purchase a house costing up to £250,000 outside of London.
This scheme available to UK residents aged 16 or over who do not own any other property.
Luke Curran & Co. are registered on the scheme and can claim your bonus on completion of the purchase of the property.
If you would like any more information please contact us at law@lukecurran.co.uk or 02830267134.
