Help to Buy ISA guide

MARTYM8`

masonic wrote: »

The value of the property is what matters, but next year you could use a LISA instead, which has a £450k limit rather than £250k.

Wouldn’t it be so much easier if they just made the limit £450k everywhere for both products – just more unnecessary confusion?

What’s so special about London – when many areas of the south east have more expensive prices than several London boroughs in the east/south east.

masonic

MARTYM8` wrote: »

Wouldn’t it be so much easier if they just made the limit £450k everywhere for both products – just more unnecessary confusion?

What’s so special about London – when many areas of the south east have more expensive prices than several London boroughs in the east/south east.

Or make it £250k everywhere and get off their a*ses and build some affordable houses for people to buy.

grey_gym_sock

masonic wrote: »

Or make it £250k everywhere and get off their a*ses and build some affordable houses for people to buy.

or make it nil, i.e. scrap these schemes, which only inflate house prices.

Rich2808

grey_gym_sock wrote: »

or make it nil, i.e. scrap these schemes, which only inflate house prices.

Yes - but with Osborne and his mate house price bubble Carney in charge that won't happen.

So let's just help those out who want the cash.

Wings_of_Ambition

Would I be correct in assuming that I can pay the max allowed into a HTB ISA (£3,400 over the course of one year), and also pay the remaining allowance of £11,840 (£15,240 - £3,400) into a Stocks & Shares ISA I already own? Haven't made any payments into it so far this year.

Thanks

Nataliejayne685

Hi, my partner and I are currently buying our first house and we are close to exchange of contracts. I contacted our solicitor today to advise that we have help to buy isa's in case they need to do some admin work to claim the bonus from the government. They advised me that they are not signed up to the help to buy scheme and therefore would not be able to do this for us and that we should have made them aware from the start that part of our deposit were in help to buy isa's.
They said that we would need to find another firm of solicitors who were signed up to the help to buy scheme of we wanted the bonus money from the government.
We were completely unaware that not all solicitors would be signed up to the scheme and we are now looking for a solicitor who is. Please could you advise where I would find a list of solicitors who we could proceed with?

Wings_of_Ambition

I can't help but think they'll lose a fair bit of work over the coming years by not being signed up to the scheme. Apparently this is the process they'd need to follow - https://www.helptobuyisaadmin.org.uk/conveyancers/the-scheme

badger09

Wings_of_Ambition wrote: »

Would I be correct in assuming that I can pay the max allowed into a HTB ISA (£3,400 over the course of one year), and also pay the remaining allowance of £11,840 (£15,240 - £3,400) into a Stocks & Shares ISA I already own? Haven't made any payments into it so far this year.

Thanks

Yes, you would be correct:)

gerund

We find ourselves in just this situation. Nowhere in the initial guides was there any mention we could see that conveyancing solicitors have to be registered into the scheme in order for clients to claim the government help to buy ISA bonus. Our solicitor, already engaged in the buying process is not registered and tells us that registration is not financially worthwhile for the firm. A different, registered, solicitor would not apparently be able to act on a one-off basis to access the bonus. How on earth are we supposed to make this work?

colsten

Raise the issue with your MP as a matter of urgency.