Tomorrow, 30th November 2019 will see the Help 2 Buy ISA scheme closing. It will be the last available day to open an account that allows First Time Buyers to save towards a house purchase with the government adding 25% bonus on completion.
Fear not, they have been replaced by Lifetime ISAs, a far less catchy name! LISAs (oh wait it is catchy) allow more savings per year, BUT, have to be open at least one year before they can be closed (H2B ISAs only needed to be open three months). If you’re purchasing as a couple each person can have their own LISA resulting in double the bonus.
If you have any queries in relation to H2B, LISAs or any other conveyancing matter please don’t hesitate to contact us.
Nothing on this site should ever be considered to be legal advice or research but if you do wish to receive advice on any of the content discussed please contact us on 028 3752 5400 and we will be happy to help you. Please note that whilst we will aim to provide accurate information the world changes at a fast pace so always follow up with your solicitor to ensure you are fully up to date with same. For complete Terms and Conditions please see the relevant section of our website.