The Help to Buy ISA launches on i December and local estate agency Shipways in Hagley is advising aspiring home owners to take advantage of this Government backed scheme and start their journey towards owning their first home.

The new ISAs, which will be available through selected banks and building societies, will see first time buyer’s savings given a 25% boost from the government, and are designed to help prospective homeowners towards their first step onto the property ladder. The Help to Buy ISA will see individuals given a £50 bonus for every £200 that they can save each month, up to £3,000 and will be available to take out for up to four years for homes worth up to £450,000 in London and £250,000 outside the capital.

“This is a great incentive to get people saving for a deposit for their first home and in particular those aspiring home owners who may be struggling to raise a large deposit,” says Simon White, Branch Manager at Shipways. “The Help to Buy ISA sits nicely alongside the other Help to Buy schemes which enables purchasers to buy a home with only a 5% deposit.“ “Couples can also benefit individually, doubling the amount of savings to potentially receive £6,000 in Government contributions,” adds Simon White. “We would highly recommend that aspiring home owners take advantage of this fantastic initiative and predict that it will bring a welcome boost to the UK housing market.”

For more information on the local property visit your local Shipways branch at Hagley or call 01562 886633. For more information on the Government backed Help to Buy scheme: www.helptobuy.gov.uk