Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MSE Sam M
    • By MSE Sam M 1st Dec 15, 3:23 PM
    • 169Posts
    • 98Thanks
    MSE Sam M
    Help to Buy ISA guide
    • #1
    • 1st Dec 15, 3:23 PM
    Help to Buy ISA guide 1st Dec 15 at 3:23 PM

    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Page 60
    • eskbanker
    • By eskbanker 5th Sep 16, 4:16 PM
    • 3,413 Posts
    • 3,026 Thanks
    eskbanker
    The key with him is just to get him saving because if he has it available he just pees it up against a wall and has zero to show for it!
    Originally posted by GrahamJeffs
    But what's the problem with that?

    Sorry, that probably sounds unduly flippant but what I'm meaning is what's the consequence of him not saving? The reason I asked before was to ascertain objectives, i.e. if he wants something enough then he should find a way, but if there's no real motivation to save then it's always going to be an uphill battle....

    Anyway, given your day job you won't need me to tell you basic stuff like that - going back to your original question then you could open any sort of account in your name(s) and look after money for him, except that an HTB ISA is unlikely to be viable, start at http://www.moneysavingexpert.com/savings/which-saving-account
    • GrahamJeffs
    • By GrahamJeffs 5th Sep 16, 4:41 PM
    • 9 Posts
    • 0 Thanks
    GrahamJeffs
    He wants to save but cannot do it. We are fed up with him moaning about it and doing nothing.

    I think I'll get him to open an on line one and use our email address and we will set the password so he cant access it. We'll also do something similar with an high interest account for any extra he can save above the £220pm limit

    Graham
    • ARCOOMBS
    • By ARCOOMBS 14th Sep 16, 11:15 AM
    • 1 Posts
    • 0 Thanks
    ARCOOMBS
    Santander Help to Buy
    I set up a Santander Help to Buy ISA originally receiving 4% interest. I noticed Santander now only offer 1.5% when opening a new account. Am I still receiving the 4% or am I now receiving 1.5%? I have not received a letter stating any change in the rates I'm receiving. Santanders interest rate finder says 4% on there however how do I know if my Help to Buy ISA is Issue 1, 2 or 3?

    Thanks.
    • eskbanker
    • By eskbanker 14th Sep 16, 11:59 AM
    • 3,413 Posts
    • 3,026 Thanks
    eskbanker
    how do I know if my Help to Buy ISA is Issue 1, 2 or 3?
    Originally posted by ARCOOMBS
    Paperwork from when you opened the account or online banking should specify, but the rate drop from 4% was on 23 May so if you opened before that then you should still be receiving 4% unless you were notified of a rate reduction - I believe their rate drops applied to new customers rather than existing ones. Send them a secure message to be 100% sure....
    • slinga
    • By slinga 15th Sep 16, 9:53 AM
    • 917 Posts
    • 185 Thanks
    slinga
    http://blog.moneyfarm.com/en/isas/death-cash-isa/?utm_source=outbrain.com&utm_medium=content&utm_co ntent=isa&utm_campaign=uk_awareness

    Has this been posted.

    I've made a few posts over the years about cash ISAs but this may be the last.
    It's your money. Except if it's the governments.
    • Porky_Pete
    • By Porky_Pete 18th Sep 16, 6:29 PM
    • 1 Posts
    • 0 Thanks
    Porky_Pete
    Help to buy ISA rules
    Hi,
    If I open a Help to Buy ISA is the limit £2,400 per tax year and does that mean I can open a new one after 6th of April with £1,200 and add another £200 p.m. as thinking of buying a house in June or is it from the date you opened the account... Thanks in advance for your help
    • Pound
    • By Pound 18th Sep 16, 8:06 PM
    • 2,506 Posts
    • 1,206 Thanks
    Pound
    I made a £200 deposit on the day I opened the account, 20 Jul. I made my next payment on 30 Aug by Standing Order.

    Have I missed a month by doing this, ie. does the ISA month start in the middle of the month?

    • eskbanker
    • By eskbanker 19th Sep 16, 12:01 AM
    • 3,413 Posts
    • 3,026 Thanks
    eskbanker
    Hi,
    If I open a Help to Buy ISA is the limit £2,400 per tax year and does that mean I can open a new one after 6th of April with £1,200 and add another £200 p.m. as thinking of buying a house in June or is it from the date you opened the account... Thanks in advance for your help
    Originally posted by Porky_Pete
    The limit isn't based on tax years, it's a simple £200 per month, plus an extra one-off £1,000 in the first month (once only, not once per tax year if that's what you were suggesting).
    • eskbanker
    • By eskbanker 19th Sep 16, 12:05 AM
    • 3,413 Posts
    • 3,026 Thanks
    eskbanker
    I made a £200 deposit on the day I opened the account, 20 Jul. I made my next payment on 30 Aug by Standing Order.

    Have I missed a month by doing this, ie. does the ISA month start in the middle of the month?
    Originally posted by Pound
    It's calendar months (see https://www.helptobuy.gov.uk/help-to-buy-isa/faq/#009a24ea-e1f7-648f-8ce9-ff0000ad17aa), so you've successfully made your July and August contributions (although missed the opportunity to pay an extra one-off £1,000 in the first month) and have another 12 days to make your September one.
    • JessicaRoberts
    • By JessicaRoberts 20th Sep 16, 12:20 PM
    • 1 Posts
    • 0 Thanks
    JessicaRoberts
    Help to Buy ISA?
    Hi,

    My husband and I have recently moved in with his parents to save money to buy our first house. We can afford to save between £500/£600 each a month. I thought about doing a help to buy ISA in both our names but then not sure where to put the remainder of our savings? Should I do the split ISA?

    Any advice would be very much appreciated.
    Many Thanks
    Jess
    • eskbanker
    • By eskbanker 20th Sep 16, 1:24 PM
    • 3,413 Posts
    • 3,026 Thanks
    eskbanker
    My husband and I have recently moved in with his parents to save money to buy our first house. We can afford to save between £500/£600 each a month. I thought about doing a help to buy ISA in both our names but then not sure where to put the remainder of our savings? Should I do the split ISA?
    Originally posted by JessicaRoberts
    It certainly makes sense to open an HTB ISA each, but non-HTB cash ISAs are unlikely to be best for the rest given the poor rates on offer - investigate regular savings accounts and/or high-interest current accounts, see http://www.moneysavingexpert.com/savings/which-saving-account for further details.
    • Gwinike
    • By Gwinike 22nd Sep 16, 11:42 AM
    • 9 Posts
    • 0 Thanks
    Gwinike
    Hi,

    I have a question. I have a HTB ISA from December 2015 and my husband has got one as well. We are planning to buy a house in December this year. We would get 2000 Pounds alltogether as 25% from the State as bonus on our savings. Can we use this money to pay the solicitors or not? Can we put this money as deposit? They say it is payable upon completion, so you can't use it with your purchase. Is it true? So we can't even count with that 2000 Pounds?

    Thank you, Monika
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,839Posts Today

7,661Users online

Martin's Twitter