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Help to Buy: ISA Scheme Portal User Guide Date: February 2022 1|P a g contents Introduction .......................................................................................................................................
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How to fill out makesworthcoukhelp-to-buy-isa-schemehelp to buy isa

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How to fill out makesworthcoukhelp-to-buy-isa-schemehelp to buy isa

01
Open a Help to Buy ISA with a bank or building society that offers this scheme.
02
Decide on the amount you want to save each month, with a maximum limit of £200 per month.
03
Make regular monthly contributions into your Help to Buy ISA. These contributions can be made through direct debit or standing order.
04
Keep contributing into your Help to Buy ISA for at least three months, as this is the minimum qualifying period before you can claim the bonus.
05
Once you have saved a minimum of £1,600, you can claim your government bonus. The bonus is 25% of your total savings, up to a maximum of £3,000.
06
To receive the bonus, notify your solicitor or conveyancer that you are using the Help to Buy ISA scheme. They will apply for the bonus on your behalf when you are in the process of purchasing a property.
07
The bonus will be paid to your solicitor or conveyancer upon completion of the property purchase. The bonus will then be included in the funds used for the purchase.
08
Use the funds accumulated in your Help to Buy ISA, including the government bonus, towards purchasing a property. The property must be in the UK and have a purchase price of £250,000 or less (or £450,000 or less in London).
09
Continue saving in your Help to Buy ISA until December 2030. After this date, you will no longer be able to open a new Help to Buy ISA, but you can still claim the bonus until November 2039 if you meet the eligibility criteria.

Who needs makesworthcoukhelp-to-buy-isa-schemehelp to buy isa?

01
Individuals who are saving towards purchasing their first home can benefit from the Help to Buy ISA scheme.
02
People who are eligible and looking to save for a property in the UK, with a purchase price of £250,000 or less (or £450,000 or less in London), can utilize the Help to Buy ISA.
03
Those who want to take advantage of the government bonus of 25% on their savings towards a property can opt for the Help to Buy ISA scheme.
04
First-time buyers who are planning to buy a property within the eligible purchase price limits and meet the scheme's criteria can benefit from the Help to Buy ISA.
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The Help to Buy ISA scheme is a government program designed to help first-time home buyers save money towards their first home by providing a bonus from the government.
Individuals who are first-time home buyers and are eligible for the scheme can open a Help to Buy ISA.
To fill out a Help to Buy ISA, individuals need to open an account with a participating bank or building society and start saving money towards their first home.
The purpose of the Help to Buy ISA scheme is to help first-time home buyers save money towards their first home by providing a bonus from the government.
The information that must be reported on a Help to Buy ISA includes the amount of money saved in the account and any bonuses received from the government.
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