10 Feb 2016

First time buyers grab £6,000 UK Government giveaway

First time buyers grab £6,000 UK Government giveaway


A quarter of a million first time buyers, more than half of whom are aged 30 and under, have opened a Help to Buy ISA in just nine weeks.

This is equivalent to 1 person opening an account every 30 seconds, or over 3,000 a day, since the scheme launched on December 1.

The first homebuyers have also claimed their Help to Buy government bonus this week, which means the new Help to Buy ISA is already helping first time buyers onto the housing ladder.

How do they work? 

Launched by Chancellor George Osborne at the 2015 March Budget, the Help to Buy ISA is part of the government’s long term plan to support people who want to work hard, save up for a deposit and buy their own home.

The scheme gives first time buyers the opportunity to save up to £200 a month in a dedicated ISA that the government will top up by 25%, up to a maximum of £3,000.

First-time buyers eager to make the most of the scheme can also open their account with a one-off lump sum of up to £1,000 in addition to the monthly maximum.

And couples buying together will be able to combine their bonuses, meaning a potential boost of up to £6,000 towards a deposit for a first home.

Further support from Aberdein Considine

Aberdein Considine has also launched a major new campaign to help young people onto the property ladder.

Between February 1st and April 30th 2016, first time buyers are being given a 50% discount on their legal fees, saving them hundreds of pounds.

A series of special open days will also be held across Scotland, where lawyers, mortgage advisers and property experts will all be on hand to answer any questions potential movers may have, free of charge.

Chris Comfort, Partner at Aberdein Considine, said the firm is committed to helping so-called 'Generation Rent' into home ownership.

"With a 50% discount on legal fees, young buyers have a fantastic opportunity to get on the property ladder for hundreds of pounds less than it would usually cost."

First time buyer open days

Open days will take place on the following dates. To reserve a space, click on the location.

For more information about the 50% discount, call 0333 00 66 333 or click here.

Please correct the errors below before submitting your request:

Get in touch

Our dedicated client contact team prefer to receive enquiries through our contact form. We'll endeavour to get back to you within 24 hours or during the course of the next working day.

Tick this box if you wish to receive news and offers from Aberdein Considine. By doing, you indicate your consent to receiving targeted email marketing messages from us. On each occasion that we contact you in the future, you will be given the option to opt-out from receiving such messages. You may also email marketing@acandco.com at any time to opt-out.

The personal information that you provide to us in this form will only ever be used by Aberdein Considine (as the Data Controller) for the following specifically defined purposes:

  • email you content that you have requested from us
  • with your consent, occasionally email you with targeted information regarding our service offerings
  • continually honour any opt-out request you submit in the future
  • comply with any of our legal and/or regulatory obligations