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Help to buy ISA

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Morning all. Just have a question really as I'm totally new to the hole process as it's my first home.

Me and my partner both took out a help to buy isa.

We have now completed and have moved into our home and things are good. But! We was expecting £1000 back from the ISA and are unsure of when we should be expecting it. Same goes for the £300 cash back we was expecting from taking our mortgange out.

Can someone shine some light on this for me please.

Thanks in advance.

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  • eskbanker
    eskbanker Posts: 31,652 Forumite
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    The HTB ISAs should have been cashed in before completion so that the proceeds (including government bonus) would be applied to the purchase price by your solicitor/conveyancer. Didn't you close them?

    What are the terms and conditions of your mortgage offer, i.e. when is the £300 cashback due?
  • SamH28
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    We closed it and our solicitor applied for it. We was under the impression it was paid to us? As for the mortgage cash back I'll have to look into it.
  • eskbanker
    eskbanker Posts: 31,652 Forumite
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    SamH28 wrote: »
    We closed it and our solicitor applied for it. We was under the impression it was paid to us?
    No, the HTB ISA proceeds contribute to the purchase price of the property so will already have been paid to the seller. You should be aware of how your purchase was funded, i.e. total price paid has to be made up of mortgage plus HTB ISA money plus any other savings, etc?
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