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Help to Buy & Shared Ownership
student2010
Posts: 2 Newbie
Hi All,
Apologies if this has already been asked/it's in the wrong forum.
When I signed up for the Help to Buy ISA as I was informed that as long as the property I'm buying is under the threshold it would be valid. I also checked that if I was buying a shared ownership it would be ok if the value of the property was above but the share purchased was below below the threshold.
However, since then I have purchased a shared ownership property and the value of the whole property is above the threshold, but the share I have got is way underneath. I claimed the money (£500) through my solicitors but they have since heard that because the value of the whole property is above the threshold that I can't keep the money.
Could someone just confirm that I am not eligible for the H2B money as I would have expected the solicitors to have flagged it up before they sent off the application and obviously I would like to keep the £500 if I can!
Thanks,
J
Apologies if this has already been asked/it's in the wrong forum.
When I signed up for the Help to Buy ISA as I was informed that as long as the property I'm buying is under the threshold it would be valid. I also checked that if I was buying a shared ownership it would be ok if the value of the property was above but the share purchased was below below the threshold.
However, since then I have purchased a shared ownership property and the value of the whole property is above the threshold, but the share I have got is way underneath. I claimed the money (£500) through my solicitors but they have since heard that because the value of the whole property is above the threshold that I can't keep the money.
Could someone just confirm that I am not eligible for the H2B money as I would have expected the solicitors to have flagged it up before they sent off the application and obviously I would like to keep the £500 if I can!
Thanks,
J
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