Banks report last minute surge in help to buy ISAs

November 29, 2019 | Mortages
Written by FinTech Alliance
Banks report last minute surge in help to buy ISAs

With the deadline for new accounts Saturday 30 November, there has been a last minute surge in help-to-buy ISA applications.

In Brief:

  • The scheme offers buyers up to £3,000 to spend on a new build home. 

  • Various conditions, such as the value of the property, must be met to gain the government bonus.

  • It aims to help buyers get on the property ladder.

What does this mean?

A flurry of applications has been reported by banks and building societies that offer the ISA, since it’s possible to open an account with just £1.

Read more here.

 

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