29 November 2019

Banks report last minute surge in help to buy ISAs

Written By FinTech Alliance in Mortages

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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