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Help to Buy ISA

January 18, 2016

TCS joins ‘Help to Buy: ISA’ approved panel

The Chancellor announced the creation of a new Help to Buy ISA in the March 2015 budget. They have been available to savers from 1st December 2015. Home buyers could be using the cash and bonuses they generate as soon as this month, although most savers will want to save for longer to build up a larger pot and benefit from a larger bonus.

Conveyancers will be required to apply for the ISA bonus on behalf of the home buyer through an online portal, and will also need to secure self-declarations of scheme eligibility from the buyer. The scheme places a cap of £50 plus VAT on the fee that can be charged for this work.

TCS is pleased to confirm that it is on the Government-approved Panel to deal with Help to Buy ISAs.

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