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anistar77 wrote: »
I've seen the news about the new Help to Buy ISA's but have a couple of questions I can't find the answers to. Any advice would be greatly appreciated:
I already have a cash ISA that has a fair chunk of money in it, but I haven't paid into it at all this year - just received interest on it. Does this mean I can't open a new Help to Buy ISA?
Would I have to take all of the money out of the cash ISA in order to have a Help to Buy ISA, as I understand you can't have both running at the same time?
And this is a really basic question, so excuse my ignorance, but do I have a to have a bank account at a particular bank to open an ISA there?
Many thanks for any help given.
sibbers89 wrote: »
I have a question with regards to the maximum house price...
Currently this is £450,000 in London, where I would be looking to buy. However, clearly it takes the best part of 5 years to get the £12,000 into the ISA (and get the full bonus). By this time, with house prices rising (especially in London), I will not be able to buy a huge amount for the £450,000 maximum...
My question is: will the maximum house price increase over time, or will it always be fixed at £450,000 in London?
I have searched for an answer to this, but can't find one anywhere! (please correct me if I'm being stupid!)
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