Help to Buy ISA Deadline Is Coming

Open your Help to Buy ISA today and start saving!

You may be aware of the Help to Buy scheme and the benefits, but you may not have realised the deadline is approaching. You only have until the 30th November 2019 to open your account.

Providing you open your account before then, you can continue to save until the latest bonus claim date of December 2030.

You can apply for a Help to Buy ISA through a bank or building society online, within a branch or over the telephone. Providing you are over the age of 16, you are a first time buyer and plan on buying a home for less than £250,000.

If you plan on renting out your property, then a HTB ISA is not suitable. You must also be aware that you are unable to open a help to buy ISA and a normal cash ISA in the same tax year.

What are the benefits of a Help to Buy ISA?

It’s free money essentially, the government will add 25% to the contributions you make, up to the maximum limit of £12,000. Every £200 you save, the government will add £50 to it. This means, if you manage to save as much as £12,000, the government will give you £3,000 on top.

Of course there are terms you need to be aware of. The minimum amount you can save is £1,600, resulting in a £400 government contribution.

Remember, if there are two people applying for the mortgage, you could both have a Help to Buy ISA and have twice the benefit. I.e if you both save the maximum amount of £12,000 each, you could each have a contribution of £3,000. Even if you take the minimum savings amount of £1,600, that’s £400 each, so a total of £800 contribution.

If you would like to discuss anything in this article further please contact Main Mortgage and Insurance in the following ways;

Office number: 0151 625 5995

Email address:

Or via


Flickr Photostream

In Business - Countdown to Brexit 19.10.18 In Business - Countdown to Brexit In Business - Countdown to Brexit
In Business - Countdown to Brexit In Business - Countdown to Brexit In Business - Countdown to Brexit

Events Calendar

  • Partner Events
  • Training Events
  • Wirral Chamber Events
  • Birkenhead First Events
  • Young Chamber