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    • amartin28
    • By amartin28 15th Oct 16, 12:02 AM
    • 1Posts
    • 0Thanks
    Ineligible for Help to Buy ISA
    • #1
    • 15th Oct 16, 12:02 AM
    Ineligible for Help to Buy ISA 15th Oct 16 at 12:02 AM
    Hello. I opened a Help to Buy ISA a few months ago & have been diligently saving my £200 a month ever since. However, I've subsequently realised that I wouldn't in fact qualify as a first time buyer under the criteria of the scheme so I wouldn't be eligible to receive any bonus. My question is, am I allowed to keep paying into this ISA (I know the amount you can pay in is capped but it still has a higher rate than my other savings account) and do I get to keep the interest that has been paid if I withdraw the money without applying for the bonus? Thanks!
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    • Rich2808
    • By Rich2808 15th Oct 16, 12:40 PM
    • 588 Posts
    • 450 Thanks
    • #2
    • 15th Oct 16, 12:40 PM
    • #2
    • 15th Oct 16, 12:40 PM
    Why aren't you eligible?

    Technically you aren't supposed to be paying it to the Product - but if you are under 40 you will be able I understand to move it into a lifetime isa from April.

    It's really up to you - you should probably close it but it's not as if you are claiming the bonus.
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