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. Would highly recommend using Winston's Solicitors. They have made the whole process so smooth.

Louise

Great conveyancing services. It was a stressful process but felt reassured and felt kept up to date all the time and that they acted for my best interest.Thanks Winston’s solicitors.

Sarah

Samantha and the team at Winston's were amazing. They responded very quickly with all the detail we needed, I felt like they had our back and I would highly recommend them to anyone purchasing a house. Thank you Team Winston, and thank you Samantha!

Thomas

Great experience with Winston Solicitors for my mortgage. They were professional, efficient, and kept me updated throughout the entire process

Mr &amp; M

Olivia was very helpful throughout the process of purchasing our first home, provided us with all the information and reassured us throughout the process. As first time buyers the process can be overwhelming, but Olivia made sure we understood every part and was very responsive.

Shelley a

Amr and the team at Winston Solicitors have been fantastic with out home purchase.One of the most professional and communicative solicitor firms I've ever dealt with and would genuinly reccomend to a friend.

Bethany a

Supportive, patient and thorough throughout. The process was smooth and they took care of everything.

Owen

Exemplary service - thank you Amr and Joe. They were very diligent in pursuing the other side who were sometimes evasive. Always very effective and clear communication.

Alexander T, Leeds