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

Fantastic service - super efficient, no nonsense, quick and communicative. I own and run a Leeds-based Estate Agency and we've tried and tested many many conveyancing solicitors and I can honestly say, Winstons (Samantha and team in particular) are amongst the best! Thanks so much for your help with my recent property sale!

Jonathan

I would highly recommend Winston Solicitors! I was referred by my cousin who also had a fantastic experience. I can’t thank Samantha and Joe enough for their services from day one. They made the whole house buying process feel clear and much less daunting, which I particularly appreciated buying on my own for the first time. They were very responsive and went above and beyond to ensure that I completed on the day I had hoped. The attention to detail in the enquiries was particularly appreciated. Thank you!

Megan

Professional and friendly staff. Complete process on time. Quick response for queries.

Sana

Winston’s were easy to engage and provided clear and transparent information on the process and upfront costs. Once engaged they were responsive and simple to work with. In particular Sidraa was excellent to work with, she was quick to respond and helpful. I was very appreciative of the efficiency and pace with which we progressed.

Tom

Excellent service and easy to contact when needed. Professional advice - would recommend!

Craig

Fantastic service throughout our sale - clear communication and everything explained as we progressed. Would recommend.

Ruth

Joe and Sam couldn't have been more helpful throughout the whole sale process. They were always available to us when we had questions and quick to process the work to avoid any delays. We were working to a tight deadline and their efforts to move the process forward were invaluable. This was our second time using Winstons and we couldn't recommend them more.

Aletris

Have used Winstons for a number of years - very very quick professional and accurate. Really diligent and proactive wouldnt touch anybody else to be honest.Cant speak highly enough of the peopel who anwer the phones to Michelle and the team. A pleasure doing business :-)

Andrew