Help to buy isa

Hi
Hope someone can help. Is there a help to buy isa for someone in my circumstances.
Lifetime isa is no good as I'm 48 yrs .
Help to buy isa is no good either as the property price is 300k 🤔
Any suggestions
Thanks
Dave

Replies

  • masonicmasonic Forumite
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    You can use a HTB ISA as part of your savings (assuming you will be a first time buyer, which you have not stated), but you won't be able to claim the bonus. Alongside current accounts and regular saver accounts, a HTB ISA can ensure you get the best rate on your savings.
  • Buy a property in London where the threshold is £450k?

    If not then at least you should be eligible for the first time buyer stamp duty scheme.

    The lifetime isa is a bit ageist I agree - you might think the Government might also wish to assist people who are in their 40s and 50s to buy a home. Because it will save them a lot more in the long term than having to fund your rent in your 60s, 70s and 80s when you retire on a state pension!

    But there is not much long term thinking in government!
  • Hi Margaret
    Thank you for your reply . Unfortunately it's a bit complicated!
    It's not my first buy but it is for my partner. Was hoping to stay in Barnet North London but 450k is completely out of my reach. To stay close to my business being looking just outside where property is just above 290k...
    Totally agree on the ageist/government comment.
    Oh the dilemmas!
  • eskbankereskbanker Forumite
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    DaveG2369 wrote: »
    Was hoping to stay in Barnet North London but 450k is completely out of my reach. To stay close to my business being looking just outside where property is just above 290k...
    Just to be clear, the £450K is the maximum value of a property that can be bought with a HTB ISA within London (including Barnet), so if you're buying at £290K you can use a HTB ISA if it's within the borough of Barnet but not if it's further out....
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