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Help to buy ISA worthless as all houses in this area are more than 250000

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Melbryce11 wrote: »
    Ok fair enough seems I'm in need of a reality check. Apologies.

    The bonus is free money. Take it while it lasts.
  • bobobski
    bobobski Posts: 771 Forumite
    Seventh Anniversary 500 Posts Name Dropper Chutzpah Haggler
    I'm with the OP on this one. I live in Cambridge where there is extremely little for £250,000 or less, even in the dodgy areas. I am single and have no family money. HTB ISA is useless to me. The division between London/not London is incredibly arbitrary and extremely pro-northern.

    OP, sod the HTB ISA and get yourself over to the bank accounts and savings boards for advice on how to get 5%/6% on your savings instead. And check out the DFW board for advice on how to live frugally and save more. That's what I'm doing, anyway. It's as though the HTB didn't exist - it doesn't disadvantage us, but it doesn't benefit us either. It would only disadvantage you if you were looking for under £250,000 but didn't qualify. Nice to know my taxes are going towards helping people who may be more able to buy a house than me...
  • ManuelG
    ManuelG Posts: 679 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Deleted_User wrote: »
    In Leamington Spa near me they have a new build development where 2 bed terraces are going for £260,000 and they are tiny little things! Whereas 10 miles up the road in Coventry you could get a 3 bed semi for almost half that. Its just the way the market is unfortunately. You go where you can afford to buy.

    Now I remember why I live in Coventry!
  • moneyistooshorttomention
    moneyistooshorttomention Posts: 17,940 Forumite
    marksoton wrote: »
    Yes there is.

    I think what's inferred is how much help do you expect purchasing a property worth a quarter of a million pounds?

    ...which is an understandable sentiment....particularly in view of having had the children before getting the house (it does make more sense to get the house first, then have the children).
  • Dan-Dan
    Dan-Dan Posts: 5,279 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Melbryce11 wrote: »
    Anyone else noticed this? I am married with 2 children, yet in the area we live in we would have to buy a 2 bed house

    Why wouldnt you buy a 2 bed house anyway , being as you have 2 children?

    You need to be considering a 3 bed at some point in life anyway ?
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • Melbryce11
    Melbryce11 Posts: 22 Forumite
    moneyistooshorttomention wrote: »
    ...which is an understandable sentiment....particularly in view of having had the children before getting the house (it does make more sense to get the house first, then have the children).

    Fair to say I ate a bit of humble pie yesterday however your comment on family planning is completley unnecessary. You live on the modern age? That comment sounded very much from the dark age...
  • Dan-Dan
    Dan-Dan Posts: 5,279 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Melbryce11 wrote: »
    Fair to say I ate a bit of humble pie yesterday however your comment on family planning is completley unnecessary. You live on the modern age? That comment sounded very much from the dark age...

    Stick around , theres a lot more where that came from unfortunately
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    It happens a lot on here!
  • ManuelG
    ManuelG Posts: 679 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Melbryce11 wrote: »
    Fair to say I ate a bit of humble pie yesterday however your comment on family planning is completley unnecessary. You live on the modern age? That comment sounded very much from the dark age...

    At least you're not 17...
  • Grenage
    Grenage Posts: 3,200 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    He's right, although such statements are moot after the fact.
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