Delays Caused By Flaw In Help To Buy ISA

Tens of thousands of first-time home buyers have had their purchases delayed because of a flaw in the Help to Buy Isa, research has found.   In 2016 the savings accounts were described as a “scandal” when it was disclosed that first-time buyers would not be able to use the money saved for an initial deposit on their new home. A flaw in the scheme means a 25 per cent government “bonus” on savings is not paid out until the sale has completed, leaving buyers to find the deposit money elsewhere, for example by borrowing from parents.  Read more on the Daily Telegraph website.

https://www.telegraph.co.uk/news/2018/09/26/tens-thousands-first-time-home-buyers-suffer-delays-caused-flaw/