Chancellor George Osborne used his final Budget Day speech on Wednesday to introduce a savings scheme that will reward first-time home buyers with a £50 bonus from the government for every £200 they put towards their property.
The Help to Buy ISA will be available through banks and building societies this autumn, with first-time buyers able to make an initial deposit of £1,000 when they open the account.
There will be no minimum monthly deposit, but individual savers will only be able to put away a maximum of £200 a month. The government has also capped the total bonus it pays at £3000.
First-time buyers in London will be allowed to put the bonus towards purchasing homes worth up to £450,000, but the ceiling will be £250,000 for the rest of the country, Osborne announced.
For more information click on the link below:
This is Money
During the current lockdown our offices are open but with skeleton staff only for prebooked appointments. Face to face appointments are strictly limited and contact should be by email. All other members of staff are working from home. Please go to our contact page for the relevant office/department. Existing tenants please click on Property Management in the main menu above for email addresses.
All persons attending pre scheduled appointments are required to wear face masks and observe social distancing measures. We ask this to help protect both themselves and our staff.
In the event of a Property Management emergency, please call our Battersea office on 020 7720 1116 where one of our property managers will assist you or an answer phone message will provide you with details of our emergency contractor.