Hats Off!

It is not often that the Government actually do something that makes sense as far as legislation relating to the buying and selling of property. Given the Tories' kick in the teeth for the BTL investors over the last couple of months, they appear to have actually done something that might help some people trying to buy property. I take my hat of to them as they appear for now at least to have pulled a rabbit out of the hat with the launch of the Help to Buy ISA.

If you listen to commercial radio - my guilty pleasure is Capital Radio on account of the fact that I have two teenage daughters - then it will not have passed you by. If you are however still listening to Nicky Campbel or that bloke they all love to hate on Radio 4 then the new Help To Buy ISA may have slipped under the radar.

Let me explain

• Introduced in Budget March 2015

• ISA for First Time Buyer

• Government offers a bonus when investors use their sdavings to purchase their first home

• For every £200 saved, the government will add £50 up to a maximum of £3,000 on £12,000 savings

• Available up to homes upto £145,000

• Maximum initial deposit £1000

• Maximum monthly saving will be £200

Lets hope that this does not go the way of that £250 voucher for Children's Trust Fund which was withdrawn when they realised the cost of this.