First time buyers isa

Hi, I've saved about 4K towards a ftb isa but we've just reserved a new build that is over £250k therefore making the isa redundant (we negotiated other terms so as not to lose out). Just wondered if I need to close the isa when I complete or am I allowed to keep it open because I've not actually used it? I know it has a great interest rating but if anybody else can advise other options I'd be grateful. Thanks!


  • george4064
    george4064 Posts: 2,817 Forumite
    First Anniversary Photogenic Name Dropper First Post
    The conditions for opening the account is that you do not own (or part-own) a property, and I would assume this is an on-going condition so you probably should close your HTB ISA when you buy your house.

    However, it may be worth waiting for someone more confident in their answer or to consult with HMRC/whoever you need to contact.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

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