ISA confusion hits first-timers

Research from financial services provider One Family suggests around 45,000 property purchases have been delayed with first-time buyers confused over the Help to Buy ISA and the fact that a 25% bonus on savings cannot be used towards the deposit as it is paid after the purchase is completed. One Family surveyed 800 homeowners who had bought using the Help to Buy ISA and found 15% had not been able to use the money in the account in the way they had expected.

The Times The Daily Telegraph

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