A Government Help to Buy ISA is to help any first time buyer towards their purchase of their first ever home. You can open one with any amount of money up to £1,200.00, and then on a monthly basis you can save up to £200.00. Most banks have this facility, and once you have found your dream first home your solicitors will then request your bonus from the government which is 25% of how much you have saved this will get added to your amount already saved and can only be used to buy a house. The Government have provided a guide as to the frequently asked questions about this scheme. This information can be found on the official Government Help to Buy website.
However for more information or assistance with regards to buying your new then please contact a member of our property team who will be happy to help you further.