Best way to save for mortgage?

iChloe88

I currently have a help to buy isa, however I am looking to save roughly £400-500 a month and I know that the help to buy isa is £200 a month max, is there any other ISA/Saving accounts that allow me to do this but whilst making a decent amount on top of it? Putting £200 a month into the help to buy ISA is gonna take me about 4 years to save a 10k deposit and I'd like to do it in 2, give or take. I know I'd get £2,500 extra from the government this way but surely there is another place I can deposit my savings and still make gains on. my deposits. Thanks!

george4064

Have you considered a LISA?

https://www.moneysavingexpert.com/savings/lifetime-isas/

iChloe88

george4064 said:

Have you considered a LISA?

Ah this sounds much better! thank you!

Deru

Get a LISA and also get a Regular Saver.  Mine also only allows £200 PM.  Don't expect too much in terms of interest anymore anywhere. When the Regular Saver matures after a year, stick the money back into a savings account.  Even Premium Bonds even if you may get nothing, at least the money is put to the side and 100% safe and you might win a prize.

jazzyja

Definitely a lisa. Max 4k each tax year though. But you'll get 1k on top of that plus a small bit of interest but not alot as previous poster said.
I have a moneybox lisa and currently hit the max tax year of 4k and only have £15 interest. 

MovingForwards

I did mine with a mix of ISA, H2B ISA (split ISA, not all banks do them), regular savers and better interest paying accounts.