Tembo has launched a brand new Lifetime ISA bonus.
Tembo clients who save with a Lifetime ISA (LISA) and use Tembo’s free Mortgage service will obtain a 1% bonus of their LISA worth in the direction of their residence buy.
In addition, clients may also profit from entry to fee-free mortgage recommendation.
LISA holders with deposits with different suppliers are in a position to sign-up to the Tembo Savings & Homebuyer app and arrange a switch from their present supplier.
According to Tembo’s personal buyer knowledge, first-time patrons who use a LISA are on common 4 years youthful than those that don’t. It discovered the decreased time to purchase saves a median of £1,500 on mortgage curiosity for LISA savers.
Tembo chief govt officer Richard Dana says: “With mortgage charges easing and home costs holding regular, the outlook for first-time patrons over the subsequent yr is trying brighter. Our new Tembo Lifetime ISA Bonus affords an additional serving to hand to these aiming to get onto the property ladder in 2026.”
