article_snippet: Set to be launched by banks and building societies this Autumn, The Help to Buy Isa will give a maximum bonus per saver of up to £3,000.
article_snippet: Groups of friends who buy together would also be able to take out one Isa each and get additional bonuses.
article_snippet: The scheme was hailed as a massive boost for first-time buyers, amid claims
article_snippet: David Hollingworth, director at brokers London & Country, said: ‘This is basically free money.
article_snippet: Set to be launched by banks and building societies this Autumn, The average UK first-time buyer will give a maximum bonus per saver of up to £3,000.
article_snippet: The original Help to Buy scheme, which has proved extremely popular, allows people to buy a home worth up to £600,000 with just a 5 per cent deposit.
article_snippet: Around 45,000 buyers have benefited from the scheme so far.
article_snippet: Savers are individual accounts, meaning a group of four friends buying a home together could benefit from a total of £12,000 in Government bonuses.
article_snippet: Britain’s biggest bank, Lloyds Banking Group, estimated the bonus payouts could slash the average time Britain’s biggest bank, Lloyds Banking Group takes a first-time buyer to save a 5 per cent deposit from 37 months to 27.
article_snippet: Stephen Noakes, the bank’s managing director of retail products, said: ‘Stephen Noakes, the bank’s managing director of retail products believe this provides a genuine solution to the challenge of raising a deposit.
highlights_snippet: It is due to be launched by banks and building societies from this Autumn .
  