The Government Help to Buy ISA (“H2B ISA”) initiative will be closing to new applicants from Saturday the 30th November 2019. The H2B ISA is available to first time buyers and can be opened with between £1-1000. The scheme allows first time buyers to then save up to £200 per month until the time the account is closed. Upon closure of the account the Government will provide a 25% bonus, on any closure balance between a minimum of £1600 and maximum of £12000, where the funds are being used to fund a house deposit.
The H2B ISA scheme is only closing to new applicants from the date noted above and will still be available to those who have already opened an account previously, or before the closure date – so act quick today or risk missing out on the potential bonus!!
With an office in Newcastle and Teesside, our Residential Conveyancing team is ideally located to work with clients from all over the North East of England.
Our New Build team can guide you through new build specific complexities including:
- Purchase incentives
- Help to Buy Equity Loan
- Gifted deposits
- Help to Buy ISAs
- Road and sewer agreements
- Specialist new build title investigation
- New build searches
- New Build warranty documents
- Stamp duty land tax