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Can you use help to buy isa to build your own home?
Trishmcg
Posts: 1 Newbie
Wondering if you can use help to buy isa to build your own home? And can you use it to buy a house even if your partner already owns a house but I don’t?
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Can I use a Help to Buy: ISA bonus to buy land to build my first property on?
Assuming that you meet all the other eligibility criteria, you will be able to use the government bonus towards the purchase of the land for a self-build property which is the only home you will own, be where you intend to live and be purchased with a mortgage. The land must be in the UK, have a price of £250,000 or less (with a higher price limit of £450,000 in London).
Can I use the Help to Buy: ISA bonus to fund the construction of a home on land I own?
No. You cannot use a government bonus to fund the construction of a home on land you already own.
https://www.helptobuy.gov.uk/help-to-buy-isa/faq/0
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