The Help to Buy ISA is a great alternative to the Help to Buy ISA. I wanted to do some research to see if there were any other options for First Time Buyers, and the Life Time ISA (LISA) is a brilliant option.
It works in a similar way with a 25% bonus paid on your savings and can be used to purchase your first home. Result!
***Life Time ISA Highlights***
- Can be used to buy your first home or save for later life
- Age between 18 - 40 to open one
- You can have a help to buy ISA as well, but you only receive the 25% bonus on one
- You can save £4,000 per year until you are 50
- The government will add a 25% bonus of up to £1,000 per year maximum
- The property you purchase needs to be £450,000 or under
- You need to purchase the property at least 12 months after you open the ISA
- There are penalties to withdrawing, so only use as a savings vehicle
- Your bonus is paid to your solicitor when buying your home
Government link - [ Ссылка ]
HOW TO OPEN
Choose cash or stocks and shares ISA. Just google "Life Time ISA".
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*NEW! Download FREE First Time Buyer Pack
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Enquiry: [ Ссылка ]
**SHOW NOTES & LINKS***
Check My File – Download Free Credit Report: [ Ссылка ]
Contact: [ Ссылка ]
Subscribe to my channel: [ Ссылка ]
*NEW! Download FREE First Time Buyer Pack
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QUOTING PORTAL (Solicitors, House Insurance and Surveys)
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***CREDIT FILE CHECKS***
CHECK MY FILE - This is step 1 as a First Time Buyer. Check your credit file!
Free Credit File Check. Check your credit score from the outset! Use checkmyfile as they provide reports of all three credit file agencies the mortgage lenders use to credit score you, on one file (Experian, Equifax and Transunion)
checkmyfile offer a 30-day free trial which is then £14.99 a month thereafter and can be cancelled at any time.
Check my free credit score now:
[ Ссылка ]
Correct Errors on Your Credit File:
Contact Experian: [ Ссылка ]
Contact Equifax: [ Ссылка ]
Contact Transunion: [ Ссылка ]
Apply for Voters Roll: [ Ссылка ]
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