Help to Buy ISA guide

colsten

The limit is the purchase price of the property.

http://www.helptobuy.gov.uk/help-to-buy-isa/faq

jimjames

KatieElsom21 wrote: »

With the 250,000 limit on properties outside of London, does this equate to 500,000 for a couple?

Thanks

No.



But that's too short

Help_To_Save

Hello,

I am about to apply for the Help to Buy ISA and would like to know if I can open one this tax year standalone and keep my current cash ISA open?

I have opened a cash ISA last tax year, however I have been adding funds to it this tax year. Would this be a problem or would I need to wait till next year?

Thanks for reading.

Archi_Bald

The answer to your question is in the guide.

Rich2808

Help_To_Save wrote: »

Hello,

I am about to apply for the Help to Buy ISA and would like to know if I can open one this tax year standalone and keep my current cash ISA open?

I have opened a cash ISA last tax year, however I have been adding funds to it this tax year. Would this be a problem or would I need to wait till next year?

Thanks for reading.

Depends who you want to open a HTB isa with and who your cash isa is with.

If its Nationwide, Aldermore, Newcastle or Natwest/RBS you can invest in a cash isa and HTB isa in the same tax year. Anyone else it's a no - and if you keep your current cash ISA open you cannot open an HTB isa this tax year,

Of course you can transfer your cash ISA funds from this year to one of those four and then open a HTB isa with them - with NW you can even fund your £1200 HTB initial lump sum from the transferred funds.

kowalski2

bobmorley wrote: »

I'm a bit confused about the nationwide ISA spilt. Do I just apply for their regular ISA and their help to buy ISA separately, then just pay into each as normal, or do I need to do something specific? I can't see anything on their site about this at all.

I would also like to know this...

I have a First Direct ISA (1.5% but dropping to 1.3% in January) from previous tax years and would like to transfer this to a new Nationwide Flexclusive ISA (1.6%). I potentially may like to pay in to this for the current tax year 2015/2016 - I currently have not paid into any ISA this tax year whilst I waited for HTB to be confirmed.

I would also like to open a HTB ISA (2%) with Nationwide with £1200 and then top up £200/month which should take me to £2000 on 1st April 2016 (leaving £13,240 available to pay in to the Flexclusive ISA)

The terms "split ISA" and "wrapper" have been used in reference to Nationwide's offering -- is any special method required when opening? Will the Nationwide staff have to do anything different to show this all comes under the same "wrapper" or will their systems automatically classify my Flexclusive (potential new investment) and HTB as a "split ISA"

(I have maxed out all the regular saver and current account deals to pre-empt colsten asking why I am considering putting money into a non-HTB ISA )

Toridnl

Can anyone clarify ...
there is a part of the rules to this HTB Isa that says you can only get the bonus on a property up to the value of £250k or £450k in 'London'
I cant find anywhere that's specifies if your in London or not ??
Is it just Inner London or Inner & outer London ?
Im on the outskirts, so this info would be very helpful to me
TIA

Toridnl

fp1 wrote: »

Hi I wonder if someone could answer my stupid question! sorry! I've saved about £11,000 and want to open the Halifax ISA and am very confused. I'm looking to buy somewhere next year from March.

Can I open the Account with £9,000 or do i have to do it with the minimum amount? HELP what do i do? how much do i have to add a month to get the most out this ISA!! please can someone help me!!!! thank you!!!!

you can open the HTB isa with a max of £1200 in the first month and then add £200 per calendar month until you find the property you want to buy
you will only get a bonus when ur HTB isa reaches £1600 plus

sgmiles3

Hi
I have been saving in a Nationwide 5% deposit mortgage ISA for the past year or so and am now wondering whether it is best to setup a new help to buy ISA as well or move my current funds into the new Help to Buy ISA scheme?? Can i have soem advice please

sarahleigh_2

Hello,

I'm just after some clarification and advice would be appreciated.

I already have a mortgage in my own name and my boyfriend (who is not on the mortgage and is calssfied as a first time buyer) is looking to take out the Help to Buy ISA. When we come to buy a house together in the near future, will he be able to claim the bonus from the government even though it will be a joint application with me.

Sarah