Congratulations to Tom in the office and his wife Chloe who recently purchased their first home.
They took advantage of the Help to Buy: ISA scheme which allowed them to save up to £200 a month each in the ISA (as they were both first time buyers) with the government boosting their Help to Buy: ISA savings by 25%.
In their experience, they found the Help to Buy ISA was easy to set up through their banks and actually offered them better interest rates on their savings than any other ISA or savings account available. Any interest earned also qualified for the 25% bonus from the government.
When they found their first home, it was as simple as closing the ISA down and sending the closing statement to their Solicitor, who then applied for the government bonus on their behalf. The solicitors received the bonus and added it to the funds for completion on their first home.
For further information on the scheme please visit https://www.helptobuy.gov.uk/