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

High recommendations for Michelle Ayres from Winston Solicitors. She was always quick, on point and proactively solved an issue with incomplete title documentation. Her updates were always precise and response time was within hours. We are hugely grateful for the smooth sale and we hope more people discover and use Winston Solicitors!

Mr Stoyanov

Leasa at Winston’s was amazing when dealing with our first house purchase. She was so quick at replying to any queries we had and always chasing up the other side to make sure things were progressing. She made us feel reassured through the stress as she really knows her stuff. We couldn’t recommend Leasa enough! Thank you!

Demi

Excellent efficient service. Kept well informed throughout. Would use again. Good service is a rarity these days.

Andrew

Winston’s yet again have been fantastic, highly professional and I would highly recommend. The chart tracker is great so you can always see where you are with everything. Joe Rawnsley and Samantha Robertson Strong have gone above and beyond. Thanks so much to you both.

Sarah

My financial adviser had recommended Leasa Foster from Winston Solicitors to support on my purchase of a house as a first time buyer. She demonstrated professionalism throughout all our interactions whether it be verbally or via emails. She provided clear instructions and guidance throughout the different stages and steps of transaction. She was prompt in addressing any queries that I had raised and I felt well-equipped with the information I needed to make decisions throughout the process. I was kept up to date with the progress of the transaction constantly. She was pro-active in following up all other relevant parties to ensure that we complete the steps of the purchase in a timely manner. Furthermore, at a crucial point of the transaction when Leasa had been on leave, her colleague had readily taken over the transaction seamlessly to avoid any further delays. Overall, I would highly recommend Leasa and Winston Solicitors, in general, for conveyancing and property-related matters.

Anonymous

Vesselin

After researching solicitors & receiving a few recommendations we decided to go with Winston Solicitors, we used them to buy our first home & Michelle did a great job keeping us informed throughout the process, pushing for adjustments to deeds & helping with queries. We managed to complete on our property in 10 weeks from offer accepted thanks in large part to Michelle’s work. 5/5

Anonymous

Wow is all I can say about Joe Rawnsley what a top service he has provided. In a stressful time in life for me he has been professional and completely on the ball. Responding so quickly to me. Absolutely fantastic service. I will be recommending Winston’s to all and definitely use again if needed. Thanks Joe what a legend

Sarah