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Grab the government help!

There are two schemes which will take even more pressure off you:

Help to Buy ISA
  1. With a Help to Buy ISA you can save up to £200 a month towards your first home
  2. The government will boost your savings by 25%
  3. You can make an initial deposit of up to £1200
  4. You can receive a maximum bonus of £3,000
  5. The scheme operates across the whole of the United Kingdom

Lifetime ISA
  1. You must be aged 18-40 to open
  2. You can put in up to £4000 per year up to the age of 50
  3. Government will add 25% to your savings up to a maximum of £1000 per year

You can use the Lifetime ISA to buy your first home if you meet the following criteria:
  1. The property costs £450,000 or less
  2. You buy the property at least 12 months after you open the ISA
  3. you use a conveyancer or solicitor to act for you in the purchase - the ISA provider will pay the funds directly to them
  4. you’re buying with a mortgage

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