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

I would definitely recommend Winston Solicitors to anyone selling or buying a home. You receive a regular email, informing you of where you are in the process and this is very useful. Between Amr and Joe, they kept us up to date throughout the process and were very helpful.

Georgina

Samantha and everyone else at Winston were very prompt and responsive and helped us at every step of our house buying process. Would highly recommend if you’re looking to buy a house in Leeds

Shamik

Winston solicitors provided excellent conveyances services for me and my fiancée in buying our first home. Samantha in particular was very professional, and extremely quick with responses, we really felt she was trying to keep the process moving as quickly as possible and it did.

Anonymous

Definitely worth a 5 star review. Sidraa went above and beyond for us, fantastic service!

Hannah

Very helpful very good at there job highly recommend

Bridget

Sidraa, who oversaw our conveyancing, was superb, as was Paulo our paralegal. The whole process was clearly communicated, efficient from start to finish, and straightforward. I never normally leave reviews but Winston thoroughly deserve their five stars - I recommend them to anyone.

Stephen

I found Sidra from Winstons very competant and diligent when she was handling my property purchase.

Lynne

Winston Solicitors' service has been second to none, and we are very happy to have had them as our solicitors. Michelle, our conveyancer, was always friendly, always reachable and responded very quickly to our queries which helped us out a lot as we were very inexperienced with house buying. Would highly reccomend.

Mr Berteloot-Chapman