help for my son Surreyroamer

#1
I am retired, I have a comfortable income (pensions) my mortgage is paid off, my son 21 is in the Army and will one day need to buy a house he is married, and sadly like most youngsters not the most forward looking financial planner, I'm looking for a way to help him with this potential problem/mortgage I'm looking to save spare cash usually £200 pcm, I want this to be independant of him any idea's on a way forward , thank you.

#2
Help to buy ISA but you need to tell your son and set up in his name.

Halifax offer 4% plus the 25% from the government ( you and me )

He cannot do this if he has other ISA,s ?

It is a start

#4
No need to put the money in an ISA - there are plenty of accounts that pay more than ISAs even once tax is deducted (and the tax deduction is about to stop anyway).

#5
Does your son know about this? Perhaps you could teach him to save by saying you'll put £200 a month into an account if he will contribute the same? that way he'll save a deposit quicker. If he is married there may be children before you know it and he'll need to know how to manage his money then.

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