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help to buy isa
andy_uk83
Posts: 5 Forumite
Hello I'm looking for some advice
I'm thinking of buying a new build house and want to take advantage of the help to buy isa but i looked at the terms and conditions and it states i must not have owned a house in full and a share of a house
i did have a mortgage on a house in 2008 till 2011, i sold the house and relocated to devon, the mortgage was paid back in full with £8000 equity from the property, since relocating i have lived in rented accomodation, so would i now be classed as a first time buyer?
Thanks for your time and help
I'm thinking of buying a new build house and want to take advantage of the help to buy isa but i looked at the terms and conditions and it states i must not have owned a house in full and a share of a house
i did have a mortgage on a house in 2008 till 2011, i sold the house and relocated to devon, the mortgage was paid back in full with £8000 equity from the property, since relocating i have lived in rented accomodation, so would i now be classed as a first time buyer?
Thanks for your time and help
0
Comments
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No you aren't.
Some lenders might treat you as a FTB but for the HTB ISA you are not eligible.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
H2B ISA is very restrictive, when you come to claim the bonus you have to sign a declaration, and you cannot have owned any interest in any house anywhere in the world, no matter if leasehold, freehold, or equivalent abroad, ever.
If you cannot say this, you don't get the bonus, and it's just a high interest savings account.0
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