Help to Buy - not for Deposit?

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
1 reply 610 views
eca09areca09ar Forumite
1 Post
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Recently I read that the help to buy ISA cannot be used as part of a deposit for a first home, rather it is taken off the owed equity upon completion. Is somebody able to confirm/deny this? I have looked on the government website and it seems to confirm that this is true and cannot be used as a deposit. Further, can anybody confirm the stance of the upcoming lifetime ISA as to whether this can be used to form part of a deposit and the government website suggest this one CAN be used as part of a deposit.

Many thanks

Replies

  • masonicmasonic Forumite
    15.9K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
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    Why not try looking in the thread entitled "Help to Buy ISA bonus can't actually be used for initial deposit?", which was the first thread in the list before you posted yours.

    Or you could try the "Help to Buy ISA guide", which was third in the list.

    Tip: Journalists exaggerate stories to sell papers.
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