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

This is the third time I’ve used Winston solicitors and Sidraa and team has been fantastic every time, even during complicated sales. Efficient, great communication, highly proactive - would highly recommend

Damien

Very efficient in the whole process and good value for money

Steven a

Samantha and team were amazing. Samantha especially was so quick with her responses and very competent & efficient when responding to other parties solicitors. No stone was left unturned with her, so I felt very confident and informed moving forward with the house purchase. She made a stressful experience as stress free as possible. You hear horror stories of solicitor experiences, but I can assure you that is not the case with Samantha! Honestly can’t appreciate and thank her enough, and will always use her moving forward.

Miss G

After finding Winston through an online review, I felt compelled to continue the chain after my extremely positive experience. This is my fourth time using solicitors for either a purchase or sale and Winston were head and shoulders above the rest. It was a relatively straightforward transaction but notwithstanding, the ability to be able to pick up the phone and have it answered within a few rings by the person I needed to speak to was a godsend. I was a little apprehensive about using a Leeds based conveyancer for a London based sale, but Amanda Lester who handled most of my case was excellent. I would highly recommend Winston to anyone and will certainly be using them again in the future. My thanks to Olivia, Amanda and the team.

James

Excellent service: efficient and kept informed at all times. Very helpful staff, especially Amanda. Many thanks.

Craig

Reasonable price for sale of property in Romford. Communication was informative. Complication due to unidentified freeholder took time to resolve but once solved things moved quickly. Overall v satisfied and would recommend.

Timothy

Samantha from Winston Solicitors has been fab! Nothing was too much trouble and she was very quick to respond to any queries I had. She made the whole process of buying my first home enjoyable, smooth and straightforward! I would definitely recommend her services!

Anonymous

I would recommend Winston’s to any first time buyers out there that need support on the conveyancing process. Samantha and the team were attentive, communicated clearly, regularly and their checks were thorough. The whole process was smooth and I was updated regularly. A huge thank you to Samantha for guiding me throughout the whole process!

Hao