Help To Buy Isa Help

cbarry399

Hi ,
I have read a few articles on this over the past few months and finally got one setup with my bank (halifax)
my partner is going to set one up aswell within her bank (ulsterbank)
does it matter if the help to buy isa are in different banks ? or do they need to be under the same one ?

i dont want her changing to my bank or me to hers incase it has an adverse effect on our credit score's
i have been looking for an answer but cant seem to find one anywhere.
Thanks in advance, Colin

smile88egc

How soon are you looking to buy a house?

Surely she will have to wait at least 4 months to fill up any H2B ISA enough to claim the bonus, so it would hardly be as though she had only just changed banks before you are looking to buy.

I imagine it's perfectly possible to use ISAs with 2 different banks in order to get the bonus, it just might be slightly more admin on your part as you will each have to go through the process of closing it at the end, so will have to do this separately rather than together when you do come to close the accounts.

Some people seem to be having difficulty enough finding a solicitor happy to deal with a HTB ISA so if I were you, I'd make it as easy for them as possible and use the same bank! Hopefully this won't be so much of an issue in 6 months time when people have got up to speed with it.

Smedders11

It doesn't matter if you have two different accounts. The bonus is collected by your solicitor.

The minimum amount can be reached in as little as three months if you deposit the full £1,200. Play your cards right and you can have it maxed in about 30 days.