Launched in 2017, this is a savings account aimed at helping you buy your first home (or save for later life). It lets savers pay in up to 4,000 each year until they are aged 50.
You buy a share of a new-build or resale property, typically between 25% and 75%, paying rent on the remaining share. The rent is often lower than the open market rate, around 2.75% per year.
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