Using the H2b isa with h2b scheme

mishh

Can you double up on the government schemes?

I've opened an ISA and been given the AIP by halifax, can i use both help to buy schemes together?

gsmmad

yes you can use both together

dimbo61

you and your partner ! can both open a Help To Buy ISA and use them as a deposit towards your new home

Alphabet89

At what point do we expect the H2B ISA bonus to be released- is it at exchange or completion? also, in the context of new builds where there is often a longer period between the two.
thanks

Thrugelmir

On completion. You'll need to find the deposit.

hollypop

My partner and I are also wanting to do the same thing, we are trying to purchase a new build house with the help to buy equity scheme and also each have a help to buy ISA with £1600 in; so in theory we currently qualify for £400 bonus each!

However we've read that this is limited to house purchases up to the value of 250k; So we are now awaiting the solicitor confirming if we can even get the bonus, as the house price is just over the limit..
I am hoping that as in theory we are only purchasing 80% because of the equity scheme that it is based on that amount, in which case we would qualify. - It's probably wishful thinking but we can hope! £800 is a lot of money to lose!

kingstreet

You aren't purchasing 80%.

You are purchasing 100% with a second charge over your home for 20%. That's just another mortgage, same as your first charge mortgage with a "normal" lender.