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Time is running out…

Reasons to choose Wilson Browne

…first time buyers, you need to act quickly.

After 30th November 2019 you will no longer be able to apply for a Help to Buy ISA.

Why is this important?

If you are 16 years old or over and want to get onto the housing market in the future, opening this account is a really good idea and is still available from a range of banks and building societies. It is possible to open an account with as little as £1.

What is a Help to Buy ISA?

If you are saving to buy your first home and save money into a Help to Buy ISA the Government will boost your savings by 25%.

This means for every £200 you save, you will receive a government bonus of £50. The maximum government bonus you can receive is £3,000 which goes a long way towards the deposit for your first home.

Not only this, but these accounts are available to each individual buyer – so, if there are two of you, you could receive a bonus of £6,000! It is also possible to use this alongside other Government schemes like Help to Buy.

There are some conditions:

  • You have to save a minimum of £1600 before you can claim your bonus;
  • You can open the account with a maximum of £1200 and then save up to £200 per month thereafter;
  • You must be 16 or over and have a valid National Insurance number;
  • You must be resident in the UK;
  • You must be a true first time buyer, and not own a property anywhere in the world;
  • Generally you must not have another active cash ISA in the same tax year;
  • You can make contributions up to 30 November 2029;
  • The purchase price of the property you are buying must not be more than £250,000 (£450,000 in London);
  • You must claim your bonus by 1 December 2030 – this will be done by your Conveyancer so you must be purchasing on or before this date.

For further details visit the help to buy website

You literally have nothing to lose – first time buyers, apply now!

Jenny Woodruff


Jenny Woodruff


Jenny is a Partner and head of the Residential Conveyancing Team. She has extensive knowledge of the conveyancing process, including: dealing with freehold and leasehold sales & purchases; new build purchases; remortgages; transfers of equity; shared ownership; help to buy transactions & general property advice.