Fundamentally, a Help to Buy ISA means that the government will add 25% to your savings, up to a maximum of £3,000 on savings of £12,000, to help you buy your first home.
Having just graduated, the next step for me appears to be looking for a job and saving to buy my own house. However, due to the current housing crisis and no access to the Bank of Mum and Dad, this help-to-buy ISA seems the best means of going forward to become a homeowner!
If you're in a similar situation as I am, the deadline for applying for this scheme is 30 November, which is less than two months away.
Worried you don't have any savings or thousands of pounds to start it within that time?
Appearing on Good Morning Britan last Friday, everyones favourite Money Saving Expert Martin Lewis as now advised people who are not yet on the property ladder to open a Help to Buy ISA with just £1 so you do not miss out on the scheme. You can then decide later whether you will use the ISA.
Not from the UK? what is in place to help you climb the property ladder?