Help to buy ISA and Life Time ISA

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
2 replies 1.1K views
user15user15 Forumite
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Why are people who inherited a property not through choice or were once named on a mortgage/property (married then divorce) not allowed to apply for a Help to Buy ISA?

The rules seems to state ".... never owned a property....."

If someone is named on a mortgage, and then removed, is there anyway they can take advantage of the Help to Buy ISA or Life Time ISA?

It seems to be very un-fair, and I hope the rules are changed by the Government.


  • jimjamesjimjames Forumite
    14.5K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No, if you have owned property then you are not eligible. Maybe that will change but I assume it's designed to help first time buyers who have never owned a house and have therefore no equity from property. Trying to draft rules to avoid being misused must be quite hard.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • MARTYM8`MARTYM8` Forumite
    1.2K Posts
    Eighth Anniversary 1,000 Posts
    Why aren't the over 40s eligible for the lifetime isa or starter homes.

    Why is the threshold for the HTB isa only £250k outside London but £450k in London even though average prices in parts of the South east are higher than in some outer London boroughs.

    Whats the point of giving first time buyers £3k to buy a home when Government policies have pushed house prices up by 100% or more in some areas since they came into office in 2010. Here's £3k - sorry you are paying £150k more for the same property than you would have done if you could buy when we came into power.

    Who knows why - ask George Osborne.
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