Help to Buy ISA, Buy to Let Mortgages cross over

jake_shakey

Hi,

I've found a perfect first buy to let property, well within budget and a good rental area. But I don't yet own my own place. My partner and I have help to buy ISA's and are around 12 months from making the jump to buying. I'm in a good position but she is still saving.

I've always wanted to take on buy to let property, but what impact will this have on both a help to buy ISA and help to buy deposit scheme if we go down the new build route.

The buy to let property will be mine, not a joint venture, but the house to live in will be together. Searching gov docs really didn't answer this. Any gurus out there able to shed some light?

J :beer:

ACG

I do not think you will be able to use the Help to Buy ISA and I do not think you will be able to use the equity loan either - meaning neither of you can if you buy together. Effectively you would only be able to use your partners HTB ISA.

I stand to be corrected though, new builds are not my strong point.

Octaben

You definitely won't be able to use the Equity Loan scheme if you already own a property

kingstreet

A buy to let if you aren't already a homeowner.

Choice of about two lenders.

Have to prove you could afford it as a residence if you weren't going to let it, just in case like...