We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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!
Lifetime ISA and Help to Buy process
ebaillie1993
Posts: 2 Newbie
Hi, I'm looking for some help buying my first home.
I have a lifetime ISA which I can't access until August 30th. There are some houses being built near me that I am quite keen to put a reserve down on due to there being some that are already reserved and I don't want to miss out. Can I put a reserve down even though I can't get to my deposit until Aug 30th? I'm also wanting to use the Help to Buy equity loan to help. Is this affected by any of this?
I'm thinking, if the whole process takes a while anyway by the time it is going through August 30th may have come by then and I will be okay hopefully
Any help in the process, what I need or what I need to do would be great.
Emma
I have a lifetime ISA which I can't access until August 30th. There are some houses being built near me that I am quite keen to put a reserve down on due to there being some that are already reserved and I don't want to miss out. Can I put a reserve down even though I can't get to my deposit until Aug 30th? I'm also wanting to use the Help to Buy equity loan to help. Is this affected by any of this?
I'm thinking, if the whole process takes a while anyway by the time it is going through August 30th may have come by then and I will be okay hopefully
Any help in the process, what I need or what I need to do would be great.
Emma
0
Comments
-
You need to read carefully how each scheme works. The infomation is available on the government website.
For example: There is no access to the full amount of the ISA on maturity, only the amount you paid in, the government part is paid to the solicitor as part of the deposit when required.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards