We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help to Buy to LISA Transfer
uih039
Posts: 114 Forumite
If I transfer 6k Help to Buy ISA to a LISA which was opened in June 2017, what is the position if I complete my property purchase before the first anniversary of opening the LISA? Do I lose the bonus completely?
All other HTB and LISA rules are covered and it doesn’t matter exactly when I receive the bonus as I can cover the full deposit and other costs from other savings.
I have searched MSE and the web but can’t find the answer so any comments would be appreciated as I need to make a decision on the transfer before the Skipton transfer deadline which is 1 March.
Thanks.
Andrew.
All other HTB and LISA rules are covered and it doesn’t matter exactly when I receive the bonus as I can cover the full deposit and other costs from other savings.
I have searched MSE and the web but can’t find the answer so any comments would be appreciated as I need to make a decision on the transfer before the Skipton transfer deadline which is 1 March.
Thanks.
Andrew.
0
Comments
-
From what I read you need to have it open for 1 year to be eligible for the bonus0
-
I think you lose the bonus, interest and another small % of money if you break the terms on the account.0
-
You will not recieve the bonus and also lose some of the money you have deposited if you withdraw it due to the penalty for withdrawing before the 1 year anniversary, this is clearly stated in the terms and conditions. So if you are completing before June then stick to the ISA and use that bonus.Homeowner:j0
-
You will not recieve the bonus and also lose some of the money you have deposited if you withdraw it due to the penalty for withdrawing before the 1 year anniversary, this is clearly stated in the terms and conditions. So if you are completing before June then stick to the ISA and use that bonus.
Many thanks to all who replied. I think I will play safe and stick with the HTB.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards