Martin Lewis' MoneySavingExpert website has issued advice for how first-time buyers can get a free £1,000 to put towards their first home. The helpful tip came as part of the MSE weekly newsletter which was issued yesterday (April 12).
The team behind MoneySavingExpert, which was founded by Martin Lewis back in 2003, explained how by putting money in a Lifetime ISA (LISA) account each month, you can get an extra £1,000 at the end of each tax year to help buy your first home.
LISA accounts allow new homeowners to get 25 percent bonus from the government. The most you can save in one tax year is £4,000 which means a potential bonus of up to £1,000 if you put the maximum amount in.
