London Property Market Snapshot: March 2015
George Osborne declared that Britain could finally “walk tall again” after years of austerity in his fifth and final budget before the general election in May.
In a move to attract the votes of first-time buyers, the government announced a new “Help to Buy Isa” in order to help buyers get onto the first rung of the property ladder. The ISA will see the Government add £50 to every £200 first-time buyers put away towards a deposit. The state will pay out a maximum of £3,000 on savings of £12,000, but the bonus will only be paid out on the purchase of a property costing less than £250,000 outside London, or less than £450,000 in the capital.