With one month to go until launch date, the government
has confirmed the five simple steps first time buyers need to follow to claim
their government bonus from the Help to Buy: ISA:
1.
first time buyer puts money away in a Help to
Buy: ISA account
2.
first time buyer closes their account when they
are ready to purchase their first home and receives a closing letter from their
ISA manager
3.
first time buyer gives the closing letter to
their solicitor
4.
using the letter, the solicitor applies online
for the government bonus
5.
bonus is transferred to the solicitor, who
completes the purchase of the home using the full bonus amount
Read more on the GovUK website.
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