Help to Buy ISA

You can no longer open a Help to Buy ISA. If you already have a Help to Buy ISA, you can save up to £200 a month.

How much must I have in the account when I want to claim my bonus?

To benefit from the bonus you must have saved at least £1,600 before you can claim the minimum Government bonus of £400.

What is the maximum I can save in the account?

The most you can save is £12,000.00 and the maximum Government bonus you will receive is £3,000.

Can I buy any property and benefit from the bonus?

To qualify for the government bonus, the property you are buying must:

Be in the UK
Have a price of £250,000 or less (with a higher price limit of £450,000 in London)
Be the only home you will own
Be where you intend to live
Be purchased with a mortgage

What can I use my bonus money on?

The money saved in your ISA can be used for your deposit however, the bonus (“free money from the Government”) cannot be used for the deposit due at the exchange of contracts, to pay for conveyancer’s, estate agent’s fees or any other indirect costs associated with buying a home.

When do I get the bonus money?

Once you are confident that your house purchase will be taking place (exchanging contracts and fixing in place a moving in date) you should then close down your ISA account. Your Bank or Building Society will then provide you with a Closing Statement which you must supply to your conveyancer. Your conveyancer will then apply for your Bonus funds via the Government Portal before the day your purchase completes.

Client feedback

Olivia and the team at Winston Solicitors were really helpful and supportive every step of the way to buying my first home. I found their online portal super helpful to see what still needed to be done and understand each step of the process.

Samantha

The conveyancing team, led by Samantha Robertson-Strong have been excellent in guiding us through both the sale and purchase of our houses. Always communicative and happy to explain aspects of the process. Highly recommend.

Anonymous

Olivia Cooke and her team provided an excellent service throughout our property sale. The team were efficient, clear, and kept us well informed at every stage. The conveyancing process was handled smoothly and professionally. Highly recommended Winston Solicitors. We were particularly impressed with our conveyancing assistant, Amanda Lester, who kept us updated and made the process a great experience!

Girish

Samantha and team were exceptional from start to finish of my house buying process. I can not speak highly of them enough and would recommend them to all my friends and family.

Mr R

We have used Winston Solicitors twice Recently we wouldn’t hesitate to recommend them or use them in the future.Samantha Strong in particular went the extra mile .

Mr and Mrs Wood

Michelle was excellent during the process of selling and buying our house. She kept us informed throughout, was quick at replying to any enquiries from us and explained any questions we had regarding the process. I would 100% recommended Michelle.

Miss Viles

I just dealt with Leasa in the recent purchase of my first home. Can not recommend her. Fast, efficient and has an eye on everything. Managed to get me from offer accepted to moving in less than 11 weeks.

Richard

We’ve recently completed both a sale and a purchase with the help of our conveyancer, Leasa, and we couldn’t recommend her highly enough. From start to finish, her communication was outstanding and she kept us informed at every stage and made the entire process feel smooth and stress-free. Leasa’s professionalism, attention to detail, and transparent approach gave us complete confidence throughout. We would 100% recommend her to anyone looking for a conveyancer.

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