Property News · August 22, 2016

Labour attacks 'misleading' help-to-buy Isas


Scheme launched by George Osborne in the 2015 budget criticised for not paying a 25% bonus until the property deal is completedA government-promoted savings account taken out by more than 500,000 aspiring first-time buyers has been dubbed a “sham” that has betrayed young people hoping for their first step on the property ladder.The help-to-buy Isa pays a 25% government bonus of up to £3,000 towards a deposit. But it has emerged that this is not paid until a property sale is completed, and so cannot be used to the initial deposit demanded by mortgage lenders. Continue reading…

Source : theguardian.com
Read more…Labour attacks ‘misleading’ help-to-buy Isas

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