Time is running out for first-time buyers who want to get on the property ladder with a help-to-buy ISA (H2B).
The Government-led scheme gives first time buyers the age of 16 and over a 25 per cent bonus to help them buy their first home, and you can start up an account with as little as £1.
If you want to benefit from the scheme you’ll have to act quickly, as the application deadline falls on 30 November – giving prospective account-holders just a month to make a deposit.
Once the deadline passes, the H2B scheme will be replaced by the Lifetime ISA (LISA).
While you can have both accounts open at the same time, you’ll only be able to get the 25% homeowner’s bonus on one.
It’s important to weigh up the pros and cons of both accounts before making a decision on which to use. For more information contact your bank or an independent advisor.
Thinking of buying a property?
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