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Using 2 help to buy ISA on one mortgage

Poppyf13
Poppyf13 Posts: 21 Forumite
Seventh Anniversary 10 Posts Combo Breaker
in Mortgages & endowments
Hi all? I was wondering can 2 help to buy ISA's be used with the bonus if only 1 applicant is appliying for the mortgage? Reason being my partner is looking at the mortgage but I have bad credit so therefore won't be applying for a mortgage with him.

Any help would be great, thank you

Comments

  • Beaneywatts
    Beaneywatts Posts: 9 Forumite
    Hello, we are in the same situation, I don’t know the actual answer yet I’m afraid, although I am assuming that we won’t be able to use the ISA bonus on my husbands account as he won’t be on the mortgage and so he isn’t really buying the house? He’ll just be an occupant. I don’t know, I could be wrong but I’m thinking it’s safer to assume this way until I know different!

    I hope someone on here can enlighten us both :)
  • Lolly88
    Lolly88 Posts: 322 Forumite
    Tenth Anniversary Combo Breaker
    The bonus is for first time buyers, buying a house. If you are not buying a house i.e. taking out a mortgage then you don't get the bonus.
    Homeowner
    :j
  • Adamc
    Adamc Posts: 467 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Lolly88 wrote: »
    The bonus is for first time buyers, buying a house. If you are not buying a house i.e. taking out a mortgage then you don't get the bonus.

    Is the bonus an actual bonus or is there a catch/repayment/cost to it?
This discussion has been closed.
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