Help to Buy ISA deadline

An interesting watch on ITV last night - Martin Lewis's Money Show was all about the imminent deadline for first time buyers to open a Help to Buy ISA account.

Help to Buy ISA's will no longer be available from after 30th November 2019. So, if you are a first time buyer aged over 16 and want an extra £3000 in your nest pot you need to open an account ASAP!!!!

According to Martin Lewis Barclays have the best rate and a H2B ISA account with them can be opened with just £1!!!! You must be over 16 to open one, there is no upper age limit, unlike a lifetime ISA which will replace H2B ISA's (age limit of 18 to 39). You can save a maximum of £12000 over the next 10 years. The government top-up of 25% on that amount will be 3k so you will have a nice 15k towards your first home!! And, if you dont end up purchasing a property there is no penalty. You can also withdraw cash at any time.
So anyone over 16, mums and dads of 16+ year kids get your H2B ISA's opened now!!!!! Even if you do not use it, its still worth securing an account for just a quid!!!

For more information following his show:-

https://www.moneysavingexpert.com/savings/help-to-buy-ISA/

Written by:
Open House Portsmouth
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