Claim: Help to Buy ISAs won't help you buy a home, because you still need to provide an initial exchange deposit when the contracts are signed and you haven't been given the government bonus at that point.
Fact-check: Help to Buy ISAs: do they work and were they mis-sold? - Full Fact
Verdict: since initial exchange deposits are negotiated between the buyer and the seller, it's possible to negotiate them down. the seller can agree to receive the rest of the money when the purchase completes.
Organisation: Full Fact
Author: Richard Braham
Date published: 2016-08-31T00:00:00