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Can't pay into Help to Buy ISA?
Comments
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Halifax made it very difficult for me as well, I transferred the £1000 from another ISA then set up a standing order for the £200 as this is the only way allowed but it failed twice, Halifax could not tell me why, I worked out myself it was because they had given me a random £4 of interest so I had to change stranding order to £196, the second standing order then failed and again halifax could not tell me why but I assumed it was because the first amount was finally paid on the 7th December after trying from the 2nd Dec and then the 2nd payment was made on the 7th Jan and failed because had not been a full month between payments even though Martin Lewis says you could pay in end of Dec then Jan then start of Feb you won't be able to with halifax, it has to be the same date every month or payment will fail, a lot of stress and hassle and looks like I won't benefit from this as Martin Lewis suggested I would as sale is going through and cant get the bonus until 9th Feb if I can visit the bank on that day to close the ISA as has to be in person then wait for a letter to give to solicitors, I wonder how long that will take! Then hope my solicitor will register to be able to get the government Bonus but most solicitors have not done this and don't plan to so not looking very easy or possible to benefit from this scheme but hopefully will be better in the future for other first time buyers especially as we have to pay stamp duty again.0
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Had no problems setting mine up through Halifax, the deposit was paid via direct transfer, and a standing order was set up so the £200 monthly payment was in before the 25th cut-off date.
The only annoying thing with Halifax is that it's set up the same as normal ISA's, and that it tells me i have a £14k,xxx balance remaining.0 -
I made the same mistake OP but I didn't miss the deadline, fortunately. I made an initial payment of £1200 which didn't go through (no error messages though, which was confusing). I instead made an initial payment of £1000, plus a SO starting the next day for £200 and that worked fine.0
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