New Govourment Isa?

ktcoil

Hi guys


Does anyone know when this starts and where you will apply, do you just go to your bank?


I am looking at saving for a mortgage with my partner to buy our first home hopefully next year so we have starting putting £250 each away each month but its just going into our joint saving at the moment.


I believe that these new isa from the govourment that if we both take out one each and pay £250 each then each one will get £50 each month into each one so therefore instead of putting in £500 into the current saving account a month we will be creating £600 a month the the two lots of £50 from the isa? I understand that we don't get this money unti will go for a house and then its a voucher for buying a house.

Archi_Bald

Please read this: http://www.moneysavingexpert.com/savings/help-to-buy-ISA

And this: http://www.moneysavingexpert.com/savings/which-saving-account