Help to buy ISA

With UK properties out of reach to the average first time buyer, the UK government has stepped in with a rudimentary measure.

The ‘help to buy ISA’ offers first time home buyers the chance to save into a cash ISA. The government will then add 25% of the amount you have saved, when you buy a property.

You can start saving with £1200 in your first month, then £200 a month thereafter and the government will add a maximum of £3000 onto £12,000 of your savings.

The Halifax is currently offering 4% on help to buy ISA’s.