Looking to buy your first home?
You may have heard in recent news, that first-time house buyers are being urged to open a Help To Buy ISA.
Help To Buy ISAs were launched in 2015 to help first-time buyers get on the property ladder. The Lifetime ISA (LISA), is in favour to replace the scheme.
Martin Lewis the money saving expert, is urging all potential house buyers to open a Help To Buy ISA in the next few months or risk missing out on up to £3,000 towards your first home.
The clock is ticking on high street banks and lenders offering the specialised first-time buyers savings account that offers the benefit of a government-funded top-up of 25% towards a house purchase.
Setup a Help To Buy ISA before November 2019 even if you may not be looking to buy for a few more years. Accounts can be opened from as little as £1 in branch, online, or within the apps from various high street banks. Invest today in the tax-free savings scheme.
Read more about this topic via the article below:
First-time house buyers urged to open Help To Buy ISA before November closing date | Descrier News
Martin Lewis is urging all potential house buyers to open a Help To Buy ISA in the next few months or risk missing out on government help of up to £3,000 towards their first home.
The maximum you can open a Help To Buy ISA is £1,200 and you are limited to adding £200 per month. Once you have saved a minimum of £1,400, the 25% government subsidy will be available, boosting the figure by £350. The maximum the government will add is £3,000, on savings over £12,000.
Watch Martin Lewis's appearance on "This Morning" urging anyone fitting the criteria and saving to buy a home to hurry and take advantage of the Help to Buy ISA before it closes to new applicants. He also explains the differences between the Help to Buy ISA and the Lifetime ISA:
Martin Lewis explains the difference between Help to Buy and Lifetime ISA: Which is best?
MARTIN LEWIS, money saving expert, appeared on This Morning today to urge those saving to buy a home to hurry and take advantage of the Help to Buy ISA before it closes to new applicants in six months, as well as disussing the difference with the Lifetime
The UK housing market has been fluctuating for some time, however, it feels as though UK house prices have remained high for those getting on the property ladder. If you're looking to buy a property and own your first home, mortgage government assistance, no doubt sounds like a great opportunity and helping hand. Those currently in the position of saving for a mortgage appreciate the frustration of being able to afford monthly payments, however, finding it hard to save the lump sum of a mortgage deposit required.
Once ready, a house move can be a stressful time, we have conducted house removals for 30 years, and witnessed the excitement of helping many first time buyers settle into their first homes.
Whether you have a little or a lot of belongings, let us plan your move with you. We also offer packing services, materials, temporary storage facilities and advice to assist your requirements, whether it's locally or nationally, we can help. No job is too small as we have a wide range of van sizes available.
With so much to remember moving into your first home, we make it even easier by providing a useful Removals Guide, a checklist in the build-up to the big day, to make sure you don't forget anything!!!
- Britannia Bennetts -
Advice you can count on