Treasury consults on first-time buyer ISA

Those saving for their first home through the FTB ISA will be able to save up to a certain limit a year, which will count towards their ISA allowance. The ISA can be put towards any home in the UK valued up to a set price cap and purchased with a legal mortgage. First-time buyers will receive a government bonus at the point they are ready to buy their first home. The bonus will be paid on similar rules to the LISA – subject to the purchase of the property being completed within 90 days. Opening a FTB ISA will be similar to opening a standard ISA, the Treasury said. Additionally,...