Saving for your first home can be very daunting. The Help to Buy ISA is a new scheme being offered by the Government giving a helping hand to First Time Buyers…

What exactly is an ISA?

What’s special about an ISA (which stands for an Individual Savings Account) is that it does not charge tax on the interest you earn.

How will the Help to Buy ISA help me?

If you are saving to buy your first home into a Help to Buy ISA, the government will boost your savings by 25%. The maximum you can put into your Help to Buy ISA is £200 a month and for every £200 you put away you will receive a government bonus of £50. The minimum government bonus is £400, meaning that you need to have saved at least £1,600 into your Help to Buy ISA before you can claim your bonus. The maximum government bonus you can receive is £3,000 and to receive this you would need to have saved £12,000.

Am I eligible?

You are eligible if you are a First Time Buyer buying a property for up to £450,000 in London and up to £250,000 out of London. You would need to show that you are a First Time Buyer and have not owned any property in the UK or abroad. 

The property you are purchasing must also be your primary residence and must not be rented out after you buy it. 

What about my partner?

The Help to Buy ISA accounts are available to each First Time Buyer not each household so if you are both First Time Buyers then you are both eligible for a Help to Buy ISA. This means that if you are saving together, you can double the bonus you receive!

Where can I open my Help to Buy ISA?

The Help to Buy ISA is available from a range of banks and building societies.

See more at:

When do I receive my bonus?

When you find your home, your mortgage lender will ask you to instruct a solicitor or conveyancer. We would then handle all legal aspects for you in purchasing your very first home. When you are close to completing your purchase we will apply for your government bonus on your behalf and add this money to the money you are putting towards your first home ensuring your purchase is simple and trouble free.

If you would like any further information on the Help to Buy ISA scheme, please visit