Three-quarters of savers signing up for scheme intended to help them buy a home are aged 30 and under,Treasury saysHelp-to-buy Isas have been opened at a rate of one every 30 seconds since the initiative launched on 1 December, George Osborne has announced.
The scheme, and unveiled in the budget final March,gives those saving for their first home £50 for every £200 they place in the tax-free account to save for a deposit. Aspiring homebuyers can save up to £12000 in the modern Isas, entitling them to up to £3000 of government money towards their deposit.
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Source: theguardian.com