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Help to Buy ISA guide
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great article, very useful0
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Fantastic thread which has cleared up most of my questions. The only remaining question I have is ref the purchase or value limit of £250k. Both me and OH are first time buyers and have tracked a property on the market since early last year. It has dropped from £285k to £260k, the eastate agent has alluded that the guide price is £250k. My question is if we can get the purchase price down to £249999 (I think we stand a good chance) would it matter if the property value is higher? We both have well established Halifax HTB ISAs and the government bonus would help a long way to securing a better rate (we are sitting between 90% and 80% LTV. any clarification of if we are faced with purchase or valuation upper limit would help massively. TIA Ange :-)0
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My question is if we can get the purchase price down to £249999 (I think we stand a good chance) would it matter if the property value is higher?0
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Hi,
Tax Year 2015 - 2016:
1. Opened up HELP2BUY on December 2015.
2. Did not contribute to my regular cash ISA.
Tax Year 2016 - 2017 (This current FY):
3. Still contributing to my HELP2BUY
4. No other contributions to my regular cash ISA
QUESTIONS:
Can I contribute 15,400 for this year or am I not allowed because I am contributing £200 per month towards my HELP2BUY?
Basically, what can I do before April 6th 2017.
Many thanks0 -
ourproject wrote: »Can I contribute 15,400 for this year or am I not allowed because I am contributing £200 per month towards my HELP2BUY?
Basically, what can I do before April 6th 2017.0 -
ourproject wrote: »Hi,
Tax Year 2015 - 2016:
1. Opened up HELP2BUY on December 2015.
2. Did not contribute to my regular cash ISA.
Tax Year 2016 - 2017 (This current FY):
3. Still contributing to my HELP2BUY
4. No other contributions to my regular cash ISA
QUESTIONS:
Can I contribute 15,400 for this year or am I not allowed because I am contributing £200 per month towards my HELP2BUY?
Basically, what can I do before April 6th 2017.
Many thanks
You couldn't contribute £15,400 anyway as the allowance is £15,240 until April when it rises to £20,000.0 -
Quick query (apologies if similar question has been asked)
I’ve opened a Help-to-Buy ISA today. I intend to open a LISA in April.
From April am I allowed to continue depositing £200 into the Help-to-Buy ISA and also open up a LISA?
I know the annual limit of £4000 exists for the LISA (£4000/12=£333.33 monthly); would this be allowed?
LISA April £1 open / or £333.33
LISA May £333.33
LISA Jun £333.33
etc.
Whilst also doing
Help-to-Buy March £1200
Help-to-Buy April £200
Help-to-Buy May £200
etc..
I think I’ve been lead to believe that if I open the LISA, then the Help-to-Buy is redundant as the LISA is viewed as my active ISA for the financial year.
Would be very grateful for any advice0 -
I think I’ve been lead to believe that if I open the LISA, then the Help-to-Buy is redundant as the LISA is viewed as my active ISA for the financial year.0
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Maybe a stupid question but I've had the Halifax Help to buy ISA for over a year now so I've still got a better rate than most (3.5%), but I've just realised that as the interest is paid annually and we're hoping to buy a house in the next year it will be before the date we would get interest, I just wanted to check they don't pay what you've gained so far in interest on closing the account?0
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Maybe a stupid question but I've had the Halifax Help to buy ISA for over a year now so I've still got a better rate than most (3.5%), but I've just realised that as the interest is paid annually and we're hoping to buy a house in the next year it will be before the date we would get interest, I just wanted to check they don't pay what you've gained so far in interest on closing the account?0
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