Help to Buy: ISA
We understand how hard it can be to take your first step onto the property ladder, which is why we are taking part in the government’s Help to Buy: ISA initiative, designed to reward people saving for their first home.
It is important to us as a North East building Society that we help first time buyers of homes in our local area. We have therefore launched our Help to Buy: ISA exclusively in the North East, available in the following postcode areas: NE, SR, DH, TD10 - 15, DL, TS, CA1 - 17.
How does the Help to Buy: ISA work?
The Help to Buy: ISA is available for anybody aged 16 and over and is designed to reward people who are saving for their first home. For every £200 you save, you’ll earn a £50 government bonus (subject to a minimum balance of £1,600), up to a maximum bonus of £3,000. You can save up to £1,200 in the first month, then up to £200 each month thereafter. More information can be found on our saving for your first home page.