Help to Buy ISA: The important eligibility steps buyers must consider
A home must have a value of up to £250,000, or up to £450,000 in London – exceeding this amount could have catastrophic consequences for the government bonus.
The property, according to government rules, must also be purchased with a mortgage.
The highest amount of government bonus any prospective buyer can receive through the Help to Buy scheme is £3,000.
To be entitled to this high bonus, a person must have £12,000 worth of savings in the ISA for use.
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