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

Sidraa and Paulo were extremely good dealing with our house sale and purchase. We were kept updated at each stage of the process and found it easy to contact them when we wanted a to have a chat. Thank you for making everything run smoothly.

Brian

I have found Winston’s excellent in dealing with our conveyance. This firm totally deserve 5 stars and industry awards received. They are professional, friendly and respond to all docs in an extremely straightforward way. Their pricing is also extremely reasonable. I would have no hesitation in recommending this firm and would use them again should the need arise. I would like to give a special mention to The legal representative Michelle Ayres, who dealt with the sale of mum’s house in an extremely efficient and safe manner.

Melanie

have used Winston Solicitors many times when buying and selling houses wnd would use them again if the need arose.

Tony

Extremely responsive and helpful. Always knew what stage of the process I was at

Zoe

Winston Solicitors helped me with the purchase of my first ever property. I worked directly with Leasa Foster and Julie Smith. From start to finish they were very efficient and offered detailed information for each step of the way. As a first-time buyer, I wasn’t familiar with the process or what to expect, so having everything explained clearly and receiving detailed guidance at every stage was very helpful. Whenever I had a question or needed to discuss something, there was always someone available to assist, even when Leasa was not there. I always felt well supported and guided throughout the process, which made everything feel straightforward and ensured the purchase went as smoothly as possible. I’m very happy that I chose Winston Solicitors and would highly recommend them.

Anonymous

Sidraa Razaq helped us with our first house purchase. She was fantastic. So many other people have told me they have had bad experiences with their solicitors. Sidraa was the opposite. Professional, responsive, clear, organised, efficient, friendly and supportive. Thank you so much.

James

Extremely professional, friendly and helpful. Made the process of buying my house as simple as it could be. Would definitely recommend.

Christopher

Olivia and Amanda were extremely helpful regarding my house purchase. Communications and questions were always answered quickly.

Anonymous