Lifetime ISA vs Help to Buy ISA: Which is Right for Me?

Lifetime ISA vs Help to Buy ISA – what’s the difference, and which one is right for you? Both ISAs are attractive prospects for those looking to save for a house, but it’s important to know the pros and cons of each before opening an account. Our guide explains the ins and outs of the two schemes, and what you should consider when deciding which is the best option for you. Lifetime ISA vs Help to Buy ISA: The basics The Help to Buy ISA was introduced in December 2015, and is designed to help first-time buyers save up for More ›

Stamp Duty Changes for First-Time Buyers: What Do They Mean?

Chancellor Phillip Hammond announced the Autumn Budget on 22 November 2017, and one of the most talked-about changes was a cut in stamp duty for first-time buyers. But what do the stamp duty changes mean? Stamp duty changes – the facts As part of a range of measures designed to boost home-building, Hammond abolished stamp duty for first-time buyers on all properties up to £300,000 with immediate effect. For properties costing between £300,000 and £500,000, first-time buyers will pay no stamp duty on the first £300,000, but will pay the standard 5% on the remaining amount. For homes costing more More ›

The Best London Areas for First-Time Buyers

Getting onto the property ladder can be one of the highlights of your life – but rising house prices make it a distant dream for some. To help make that dream a reality, we’ve put together a guide to the best London areas for first-time buyers. Brockley With an average home costing £525,775, Brockley is one of south east London’s first-time buyer hotspots. Next door to buzzing Peckham and bohemian New Cross, Brockley is quiet, leafy and has a handful of quirky pubs, cafes and restaurants. It also boasts one of the best views in London from the top of More ›

First Time Buyers: Help to Buy ISA

First Time Buyers: Help to Buy ISA Since the financial crisis saw the back of 100%–125% mortgages, first-time buyers have faced two major hurdles. This first is low interest rates on savings, and the second is the increasingly large deposits required by banks. George Osborne’s 2015 budget revealed the Conservatives’ plans to tackle these issues head-on by encouraging first-time buyers with a new Help to Buy ISA. Under the scheme, which will be available later this year, first-time buyers can claim up to £3,000 from the government towards the deposit for their first home if they save into the new More ›