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Forces HTB and HTB ISA

mrsbee17
mrsbee17 Posts: 60 Forumite
Debt-free and Proud!
in House buying, renting & selling
Hi all,


I'm having a think about who's best to ask (assuming the bank) but thought I'd ask here too in case anyone has had a similar situation...


Can a HTB ISA be used alongside the Armed Forces HTB scheme? Are there any restrictions in place or similar that anyone is aware of?


Thanks in advance :)
Love Piggy-banking and YNAB!

Comments

  • VAP_Driver
    VAP_Driver Posts: 73 Forumite
    Part of the Furniture 10 Posts Photogenic Name Dropper
    The two are completely separate- FHTB is purely an employer loan scheme (in this case from the MoD), although there are certain restrictions/limitations that go with it, and applicability boxes to tick- as I'm sure you're aware. Also, although it is designed to to significantly affect mortgage affordability (one of the reasons it's capped at 50% of annual salary), the repayments do need to be taken in to account when calculating it.

    However nothing in the FHTB scheme prevents you using an HTB ISA if that helps any, or vice versa.
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