What's the help to buy scheme?

We have many people asking us about the government’s Help to Buy Scheme… If you are saving to buy your first home, you may benefit from saving money into a Help to Buy: ISA. In doing so, the Government will boost your savings by 25%. Therefore, for every £200 you save, you will receive a government bonus of £50 – sound good? The Help to Buy: ISA is available to open from a range of banks, building societies and credit unions and the accounts are available to each first time buyer (not each household). This means that if you’re planning to buy with your partner, for example, you could receive a government bonus of up to £6,000 towards your first home! You are able to save up to £200 a month into your Help to Buy: ISA and to kickstart your account, you can deposit a lump sum of up to £1,200 in your first month. When you are close to buying your first home, you will need to instruct your solicitor or conveyancer to apply for your government bonus. Once they receive this, it will be added to the money you are putting towards your first home. The bonus must be included with the funds consolidated at the completion of the property transaction. Additionally, the bonus cannot be used for the deposit due at the exchange of contracts, to pay for solicitor’s, estate agent’s fees or any other indirect costs associated with buying a home. To find out more about this service as well as the services we offer, please get in touch or call +44 (0) 20 3858 0313. The minimum government bonus is £400, meaning that you need to have saved at least £1,600 into your Help to Buy: ISA before you can claim your bonus. The maximum government bonus you can receive is £3,000 – to receive that, you need to have saved £12,000.


Max Adams Ltd is an Appointed Representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of buy to let, offshore mortgages, commercial loans or bridging loans. Your home may be repossessed if you do not keep up repayments on your mortgage. We do not charge a fee for residential mortgage advice. We charge an administrative fee for processing each of your mortgage contracts; our fees only apply when you decide to go ahead with an application. Standard residential and buy to let high street mortgages. The highest fee is up to £999, payable on application.

Private Bank and specialist mortgages The highest fee of 1% of the mortgage loan size applies of which £999 is payable on application with the balance payable on completion. Max Adams Ltd is a company registered in England and Wales with company number 7952988. Registered office: Brick House, 150a Station Road Woburn Sands, Milton Keynes, England, MK17 8SG. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

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