Help to Buy-joint deposit, single application

Abigail1990

Hi all

I'm hoping for some advice. I am planning on buying a house through help to buy within the next 3 to 4 months. I am married but he is a foreign national on a spouse visa, and as far as I am aware he wouldn't be eligible for help to buy.

My question is whether I would be able to apply alone, but use savings for a deposit from a joint account that we have both contributed to?

Many thanks in advance for your help

Abbie

kingstreet

You should be able to apply jointly. HTB is not restricted to UK/EU etc.

There are lenders which would have an issue and those that don't. Get broker help and this is a simple issue to overcome.

Abigail1990

Ah Ok, I assumed because his visa says 'no recourse to public funds' he wouldn't be eligible?

kingstreet

No. We''re newbuild and HTB specialists and we've done purchases for many on Tier 1, Tier 2 and spouse's visas.

The public funds exclusion doesn't apply because the money is paid back.

If you have a look at a PIF, the HTB application, you can see there is provision for UK, EU/EEA, ILR and Other, where you enter nationality and visa type.

You will have limited lender options but an experienced newbuild/HTB broker will know who they are.

Tallulah_Chicken

'no recourse to public funds' essentially means he cannot claim benefits. It doesn't apply to mortgages or HTB.

Abigail1990

Thank you! Didn't realise it would be a possibility. How do i find a good broker when the time comes?

Abigail1990

Hi, does anyone know whether my husband who is on a spouse visa can open a help to buy isa as the money(bonus) presumably would not be paid back?

kingstreet

Dunno.

Ask a provider of such products and see what they say.

c_tyler

I am on a spouse visa myself and I opened a Help to Buy ISA a year ago. I am still not sure if I can ask for the bonus, as my visa states "no public funds", but I've read from several sources saying I can.