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FTB - help you buy ISA
Riccij225
Posts: 5 Forumite
Hi everyone first time buyer here.
Can anyone possibly shed any light on what the 25% government bonus on the help to buy ISA is used for? We’ve been told loads of different things; these being it’s just to pay solicitors, it’s used as part of deposit and it’s used towards the purchase price.
Any advice would be appreciated, thanks!
Can anyone possibly shed any light on what the 25% government bonus on the help to buy ISA is used for? We’ve been told loads of different things; these being it’s just to pay solicitors, it’s used as part of deposit and it’s used towards the purchase price.
Any advice would be appreciated, thanks!
0
Comments
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Used towards the purchase. Solicitor has to claim the bonus. That then brings your completion balance down (money left to pay after the deposit), so I suppose it technically is towards both as ours was all lumped together.0
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"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
It goes in the pot of funds available to complete the purchase and cover any fees.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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