Help to Buy ISA now supported 🎉

Since our pre-launch, many of you asked why we didn’t support the Help to Buy (H2B) ISA.

In hindsight, it seems perhaps obvious now. But, our initial thinking was:

1. the H2B ISA is ending on 30th November 2019, and so all new first-time buyers thereafter will have only the Lifetime ISA available
2. the H2B ISA max. bonus is much smaller than the Lifetime ISA (£3k vs. £32k)
3. the H2B ISA doesn’t actually contribute to your house deposit (it reduces the mortgage deposit i.e. less money required from your bank)

However, we recognised that there are currently 1.2m aspiring first-time buyers with a Help to Buy ISA. So, why wouldn’t we help over a million others too…?

How will it work?

The transfer process will work similarly to that of the Lifetime ISA one, just you’ll only be able to withdraw a maximum of £200 per month.

Because of the inability to make lump sum transfers we’ll also encourage more frequent transfers so you can maximise the available 25% Government bonus.

Join Homewards today and you’ll get entered into a competition to win £1,000 towards your Lifetime or, now, H2B ISA💰#winning

Refer your family and friends to get more competition entries 🗳 and VIP passes to get the app first when we launch 🎟.

Sign up now 👉 https://www.homewards.io

And if you have any questions or thoughts on this article, please add in the comments section below 👇.

Thanks for reading,

The Homewards Team