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 had an excellent experience with Winston Solicitors and highly recommend them. A huge thank you to Olivia Cooke and Amanda Lester for their exceptional service. They were incredibly responsive, never kept me waiting, and took the time to explain every small detail clearly. Professional, efficient, and thoroughly reliable! I couldn’t have asked for better support!

S. Mbreshtani, Surrey

Second time using Olivia at Winston Solicitors and efficient as always. Completed my remortgage within the desired timeframe with no hiccups whatsoever. Straightforward, simple and a pleasure to deal with.

R. Varma, London

Thank you so much! Your advice and guidance were extremely helpful and brilliant. I really appreciate your support!

T Tekeste, West Yorkshire

Service was smooth, efficient, and effective.

J. Rathyal, West Yorkshire

The staff were brilliant. Samantha and Laura looked after me and dealt with the sale of my property in an outstanding way. They kept me informed, dealt with my instructions swiftly and were a pleasure to deal with. I would wholeheartedly recommend them.

L. Helliwell, West Yorkshire

Michelle was fantastic from start to finish. Very speedy and completed within a time frame that was quicker than expected.

A. Clarke, West Yorkshire

Sidraa was absolutely brilliant throughout the entire process. Her attention to detail, dedication and exceptional support made what can often be a stressful experience feel smooth and completely hassle-free.The whole team at Winston was incredibly helpful, professional and attentive from start to finish. I genuinely couldn’t have asked for a better experience and would highly recommend their services to anyone.Thank you, Sidraa and the team, for all your hard work and support!

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