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Closing Help to Buy ISA without claiming bonus
kp0510
Posts: 18 Forumite
Hi everyone,
Currently in the process of purchasing our first home, hoping to exchange next week.
Opened Help to Buy ISA's with HSBC when they were first introduced and have been saving regularly each month.
However, the house we are buying is over the £250k threshold so will not be able to claim the bonus, which is fine, this was always a possibility.
When it comes to exchange, I assume we can just transfer the funds from the ISA's into a different savings account to pay our deposit, and then its a case of going into the branch at a later date to close the ISA's down?
Might seem a bit of a silly question but thought it best to check before we withdraw all the money from them in order to pay our deposit.
Thank you!
Currently in the process of purchasing our first home, hoping to exchange next week.
Opened Help to Buy ISA's with HSBC when they were first introduced and have been saving regularly each month.
However, the house we are buying is over the £250k threshold so will not be able to claim the bonus, which is fine, this was always a possibility.
When it comes to exchange, I assume we can just transfer the funds from the ISA's into a different savings account to pay our deposit, and then its a case of going into the branch at a later date to close the ISA's down?
Might seem a bit of a silly question but thought it best to check before we withdraw all the money from them in order to pay our deposit.
Thank you!
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